Notes from Angelo Mozilo presentation at the 2019 SALT Conference called “Underwater World: Lessons Learned From The Housing Bubble.”
See our full coverage of the 2019 SALT Conference here.
Q1 hedge fund letters, conference, scoops etc

Underwater World: Lessons Learned From The Housing Bubble
Angelo Mozilo - Former Chairman of the Board & Chief Executive Officer, Countrywide Financial
Erik Schatzker - Editor-at-Large, BloombergTV
- Countrywide had over 250,000 employees over its life time
- He came into work and the markets were crashing
- His trader said that he cannot sell a bond
- Most Americans can understand the mortgage market collapsing, but it was everything crashing at once.
- He...

