Mario Antoci, chairman of California's American Savings Bank, has no patience for those who claim that thrifts are offering adjustable-rate mortgages at recklessly low rates.

In a recent interview, he lashed out at the critics - especially Angelo Mozilo, vice chairman of CountrywideCredit Industries.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.