The Journal’s scoop Saturday that Countrywide CEO Angelo Mozilo had personally gotten good mortgages for his cronies has taken a casualty in the Obama campaign. Its vice-presidential candidate screener James A. Johnson quit after it emerged he’d gotten a loan for a Montana project that “overrode (Countrywide’s) internal limits on loan size, amount of allowable debt and number of loans to a single borrower.”
The loan program was called “Friends of Angelo.” The Journal hypes its story-getting prowess with a tear-out from Saturday’s scoop.
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