16 cents on the dollar: Doing the math on Mozilo settlement

By Michael Hudson

In the end, Angelo Mozilo settled for pennies on the dollar. ...

Excerpts from this story referencing "Roland Arnall":

"… o follow the example of Ameriquest Mortgage Co. and its billionaire owner, Roland Arnall, an entrepreneur who was in many ways the founding father of subprime.The …"

"… toxic.”Yet as Ameriquest and subprime expanded, Mozilo became fixated on Roland Arnall’s success, according to Paul Muolo, an editor at National Mortgage News …"

"… ng to Muolo, the National Mortgage News editor. “If he hadn’t followed Roland Arnall down the subprime path this would never have happened,” Muolo said. “I …"