Angelo Mozilo's VIPs
Dan Golden's full 5,500-word cover story on the VIP loans given by Countrywide to "Friends of Angelo" is now online. He leads with the most damning of the cases: that of Richard Aldrich, a California state appeals court judge. Aldrich belonged to the same country club as Angelo Mozilo, and got a mortgage above what guidelines allow, as well as $5,000 in waived "points". He then proceeded to reject an appeal brought in front of his court by Countrywide borrowers.
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