Arnall

And, finally, subprime billionaire, mega-political donor and one-time U.S. ambassador Roland Arnall, explaining, in testimony before Congress, why his company, Ameriquest, engaged in widespread predatory lending:

Michael Hudson: How Sex, Drugs, and Fraud Drove the Financial Crisis Michael Hudson 2010

And, finally, subprime billionaire, mega-political donor and one-time U.S. ambassador Roland Arnall, explaining, in testimony before Congress, why his company, Ameriquest, engaged in widespread predatory lending:

Michael Hudson: How Sex, Drugs, and Fraud Drove the Financial Crisis Michael Hudson 2010

As I write in my new book about the subprime debacle, The Monster, Mozilo and Countrywide eventually succumbed to the temptation to 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.

Michael Hudson: 16 Cents on the Dollar: Doing the Math on Angelo Mozilo's Big Settlement Michael Hudson 2010

And, finally, subprime billionaire, mega-political donor and one-time U.S. ambassador Roland Arnall, explaining, in testimony before Congress, why his company, Ameriquest, engaged in widespread predatory lending:

Michael Hudson: How Sex, Drugs, and Fraud Drove the Financial Crisis Michael Hudson 2010

"If he hadn't followed Roland Arnall down the subprime path this would never have happened," Muolo said.

Michael Hudson: 16 Cents on the Dollar: Doing the Math on Angelo Mozilo's Big Settlement Michael Hudson 2010

As I write in my new book about the subprime debacle, The Monster, Mozilo and Countrywide eventually succumbed to the temptation to 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.

Michael Hudson: 16 Cents on the Dollar: Doing the Math on Angelo Mozilo's Big Settlement Michael Hudson 2010

"If he hadn't followed Roland Arnall down the subprime path this would never have happened," Muolo said.

Michael Hudson: 16 Cents on the Dollar: Doing the Math on Angelo Mozilo's Big Settlement Michael Hudson 2010

"If he hadn't followed Roland Arnall down the subprime path this would never have happened," Muolo said.

Michael Hudson: 16 Cents on the Dollar: Doing the Math on Angelo Mozilo's Big Settlement Michael Hudson 2010

As I write in my new book about the subprime debacle, The Monster, Mozilo and Countrywide eventually succumbed to the temptation to 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.

Michael Hudson: 16 Cents on the Dollar: Doing the Math on Angelo Mozilo's Big Settlement Michael Hudson 2010

Hollywood mogul Peter Guber in 2004 sold his 650-acre Mandalay Ranch for $46 million to mortgage-company executive Roland Arnall and his wife, Dawn.

Home Brings $100 Million Juliet Chung 2011