Angelo Mozilo, former CEO of Countrywide Financial and face of 2008 subprime mortgage crisis, dies at 84
- Mozilo co-founded Countrywide Financial, which became the largest U.S. mortgage lender during the housing boom.
- Countrywide engaged in risky subprime lending and its collapse was a catalyst of the 2008 financial crisis.
- Mozilo was named one of the "25 People to Blame" for the crisis by Time magazine.
- After Countrywide's sale to Bank of America, Mozilo paid $67.5 million to settle insider trading and fraud charges.
- Mozilo's role in the subprime mortgage crisis made him a prominent face of the 2008 financial meltdown.