TOP STORIES
 
[1 hour ago ]
(NECN) - Republican Senator John McCain has tapped Alaska Governor Sarah Palin, a conservative who shares his maverick streak, to be his vice presidential running mate. At 44, Palin is a generation younger than two of McCain's seven children. She...
read more
[1 hour ago ]
(NECN/ABC) - Gustav plowed right across the island of Jamaica overnight, uprooting trees, ripping down power lines and damaging houses in its path. The storm had been expected to track way north of Jamaica, but a last minute change of direction had it...
read more
[2 hours ago ]
(NECN/KOMO) - Two hikers from Massachusetts are stuck on a narrow mountain ledge in Washington State's North Cascade Mountains. Authorities say rescuers are close to the two hikers but were unable to get them off the mountain Thursday. They will resume...
read more
CATEGORIES
  



Breaking News          [ 1 hour ago ]
McCain taps Alaska governor for VP
DAYTON, Ohio (AP) - John McCain has introduced Alaska Gov. Sarah Palin, a conservative who shares his......read more
BUSINESS: Behind the Countrywide housing bust
TOP VIDEOS
 
5 weeks 1 day 16 hours ago
Behind the Countrywide housing bust


(NECN) - The name of Angelo Mozilo will forever be linked to the epidemic of risky housing loans that made fortunes for a few executives and Wall Street speculators, even while thousands of Americans were brought to financial ruin. They overpaid for expensive loans in a housing bubble that was about to burst. Now they face foreclosure.

But there's much more to the story. Mozilo's links to powerful players in congress and elsewhere are being exposed in a series of investigative reports.

The man doing the digging is reporter Daniel Golden of Conde Nast's Portfolio.com

© 2008 NECN and Sausage Labs. All Rights Reserved. · Terms of Use and Privacy Statement