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L.A. grand jury probing Countrywide VIP loans (Sen. Obama adviser and Democrat Sen. involved)
la times ^ | 9/25/2008 | Peter Viles

Posted on 09/25/2008 7:44:11 PM PDT by tobyhill

The Wall Street Journal reports that a federal grand jury in Los Angeles is investigating the so-called "Friends of Angelo" loan program at Countrywide Financial, under which influential borrowers received preferential terms on home loans.

The reported borrowers under the program have included U.S. Sen. Chris Dodd (D-Conn.), former Fannie Mae Chief Executive Franklin Raines, and California state appeals court judge Richard Aldrich.

Today's Journal:

Countrywide loans on preferential terms to influential figures are the subject of a federal grand jury investigation in Los Angeles, according to people involved in the inquiry. Prosecutors subpoenaed records of many of the so-called "Friends of Angelo" loans in August, lawyers and others familiar with the matter said.

(Excerpt) Read more at latimesblogs.latimes.com ...


TOPICS: Extended News; News/Current Events
KEYWORDS: countrywide; dodd; financialcrisis; govwatch; grandjury; housingbubble; jamiegorelick; jimjohnson; loanscandals; raines

1 posted on 09/25/2008 7:44:12 PM PDT by tobyhill
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To: All

Ot, but Freepers, freep this poll:

http://www.pbs.org/now/polls/poll-435.html


2 posted on 09/25/2008 7:45:19 PM PDT by patriot08
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To: tobyhill

Jamie Gorelick got one also! Add her name to the list!


3 posted on 09/25/2008 7:46:36 PM PDT by Ann Archy (Abortion.....The Human Sacrifice to the god of Convenience.)
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To: Ann Archy
I didn't have room in the add-on to put all the Democrat's names.
4 posted on 09/25/2008 7:48:57 PM PDT by tobyhill (fraud -noun;(1)deceit, trickery, sharp practice, or breach of confidence, (2) Obama)
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To: tobyhill

As they used to say at WaMu...WoooooHooooo...!


5 posted on 09/25/2008 7:49:17 PM PDT by Prov1322 (Enjoy my wife's incredible artwork at www.watercolorARTwork.com! (This space no longer for rent))
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To: tobyhill
I didn't have room in the add-on to put all the Democrat's names.

Don't need the whole list, just the person who is Obama's advisor.

6 posted on 09/25/2008 7:50:10 PM PDT by CatOwner
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To: tobyhill

Excellent! let the games begin, get those jail cells warmed up.


7 posted on 09/25/2008 7:50:19 PM PDT by ronnie raygun (IF YOU ARE NOT CONSERVATIVE BY 35 YOU HAVE NO BRAIN. W CHURCHILL)
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To: patriot08

It’s the old Palin poll that has been posted more times than I have fingers. Give it a break!


8 posted on 09/25/2008 7:50:24 PM PDT by politicalwit (AKA... A Tradition Continues...Now a Hoosier Freeper)
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To: tobyhill
I didn't have room in the add-on to put all the Democrat's names.

Don't need the whole list, just the person who is Obama's advisor.

9 posted on 09/25/2008 7:50:42 PM PDT by CatOwner
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To: tobyhill

REALLY?? MORE NAMES???


10 posted on 09/25/2008 7:50:47 PM PDT by Ann Archy (Abortion.....The Human Sacrifice to the god of Convenience.)
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To: tobyhill

Republicans should try to pressure the Obama people to get Raines to step aside pending this investigation. They should make a major stink about it. This will tie Obama and his cronies to the failure of Frannie Mae and Freddie Mac.

Also, Dodd should be asked to step aside pending the investigation.


11 posted on 09/25/2008 7:51:06 PM PDT by boycott
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To: CatOwner
That would be, “former Fannie Mae Chief Executive Franklin Raines”.
I should have said, “under the bus former Fannie Mae Chief Executive Franklin Raines”.
12 posted on 09/25/2008 7:52:31 PM PDT by tobyhill (fraud -noun;(1)deceit, trickery, sharp practice, or breach of confidence, (2) Obama)
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To: PAR35; AndyJackson; Thane_Banquo; nicksaunt; MadLibDisease; happygrl; Roy Tucker; GOPJ; dervish; ...

The Money, Banking, and Financial Markets Ping List.

FR Keyword: moneylist

This can be a high-volume ping list at times.

To join, send Freepmail to rabscuttle385.

13 posted on 09/25/2008 7:52:31 PM PDT by rabscuttle385 (No to bailouts, no to amnesty, no to carbon credits, no to Big Government!)
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To: tobyhill
SWeeeet!
14 posted on 09/25/2008 7:53:03 PM PDT by skinkinthegrass ("Annoy the media, elect PALIN and McCAIN....errr....McCAIN / PALIN.....McPALIN" 8^)
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To: Ann Archy
Jamie Gorelick got one also! Add her name to the list!

Counselor Gorelick got a nice near-half-page article on p.A10 of
today's Wall Sreet Journal (Thurs 9-25-08).

Sounds like she got a sweetheart one-percent interest rate
reduction.

But of course she didn't think she'd gotten any sort of
special treatment.
(yeah, right)
15 posted on 09/25/2008 7:56:52 PM PDT by VOA
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To: Ann Archy
Jim Johnson is another name.
16 posted on 09/25/2008 7:57:20 PM PDT by tobyhill (fraud -noun;(1)deceit, trickery, sharp practice, or breach of confidence, (2) Obama)
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To: tobyhill

Christopher Dodd belongs in jail. He is a crook, just like his dad who was one of only two senators ever censured.


17 posted on 09/25/2008 7:59:02 PM PDT by hampdenkid
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To: VOA
It's very easy to see if they got special treatment. Did they get a better rate than a 40 year old that has never been late or missed a payment on a debt?
18 posted on 09/25/2008 7:59:43 PM PDT by tobyhill (fraud -noun;(1)deceit, trickery, sharp practice, or breach of confidence, (2) Obama)
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To: tobyhill

Nail that bitch Gorelick!


19 posted on 09/25/2008 8:01:58 PM PDT by Wil H (No Accomplishments, No Experience, No Resume, No Records, No References, Nobama..)
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To: tobyhill

Is it possible, I mean a little bit possible, the financial collapse leads to an enema of the democratic party?

With so many Dems in office mixed up with this and their helpers all rolled up, will these investigations FINALLY do something about democratic corruption?

Btw, if a Repub gets caught in this, good riddance. I’m all for ethics in Government.


20 posted on 09/25/2008 8:03:36 PM PDT by Brytani (Abortion does not make you a real woman - it makes you a murderer)
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To: tobyhill

Dodd Doo-Doo ping


21 posted on 09/25/2008 8:05:04 PM PDT by taraytarah (If your only strategy is attacking the life choices of 17-year-old females, you got nothin'.)
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To: hampdenkid

1967 Thomas J. Dodd Democratic Connecticut Use of his office to convert campaign funds to his personal benefit. Conduct unbecoming a senator.

The apple didn’t fall far from the tree, did it?


22 posted on 09/25/2008 8:09:37 PM PDT by Brytani (Abortion does not make you a real woman - it makes you a murderer)
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To: rabscuttle385

Dodd’s not going to like this one ...


23 posted on 09/25/2008 8:12:37 PM PDT by GOPJ (Let free markets work - stupid companies SHOULD go belly-up - including Frannie and Freddie.)
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To: tobyhill

I want to know how much the banking industry has “donated” to Dodd.


24 posted on 09/25/2008 8:13:47 PM PDT by GOPJ (Let free markets work - stupid companies SHOULD go belly-up - including Frannie and Freddie.)
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To: GOPJ

What is striking is how little money it takes to buy these people. In Thurd World Countries the anti is much higher. Maybe we are missing something? Were there other payments to a Swiss bank? Did they not really make payments on the loans? Etc Etc. They should be happy that I am not on one of those Grand Juries..I would have a lot of questions.


25 posted on 09/25/2008 8:18:16 PM PDT by Oldexpat (Drill Here, Drill There..we must drill everywhere.)
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To: Ann Archy

That woman must s..t peaches and cream, followed by bluebirds to carry it all away.


26 posted on 09/25/2008 8:21:23 PM PDT by Postman
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To: tobyhill

There are a whole raft of Democrats who got the “FoM” sweetheart loans. Nail them to the floor and make them cough up the cash as well as a hefty fine.
No one is above the law...unless you are William Jefferson (D-LA) or Charlie Rangel (D-NY).


27 posted on 09/25/2008 8:32:30 PM PDT by kittymyrib
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To: GOPJ

Well, he’s #1 on the Freddie/Fannie list (Obama’s #2).


28 posted on 09/25/2008 9:05:54 PM PDT by Wacka
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To: Wacka

Actually, I think Obama’s #1. He’s only been gtting the money for a couple of years. Dodd’s gotten his over a longer period.


29 posted on 09/25/2008 9:10:56 PM PDT by IM2MAD (SP)
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To: kittymyrib

This article names names.

http://www.portfolio.com/news-markets/top-5/2008/06/12/Countrywide-Loan-Scandal


30 posted on 09/25/2008 9:19:43 PM PDT by IM2MAD (SP)
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To: tobyhill

I heard about Countrywide getting put under the microscope. Will some of their CEOs end up in jail like Ken Lay of Enron?


31 posted on 09/25/2008 9:20:58 PM PDT by Salvation ( †With God all things are possible.†)
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To: kingattax

See post #21 for ping - oops (It’s been a long day.)


32 posted on 09/26/2008 12:10:14 AM PDT by taraytarah (If your only strategy is attacking the life choices of 17-year-old females, you got nothin'.)
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To: IM2MAD

In some cases, Mozilo was personally involved in approving VIP loans. In the case of Judge Aldrich, a loan officer at Countrywide, Robert Feinberg, told Portfolio he alerted Mozilo that the credit line being sought was “above what guidelines allow.” Mozilo responded, according to an e-mail obtained by Portfolio, “Go ahead and approve the loan, and close it as soon as possible.”


33 posted on 09/26/2008 12:22:51 AM PDT by kcvl
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To: tobyhill

Gosh, it’s like a theme runs through all these stories. Is Barney Frank in this one too?


34 posted on 09/26/2008 12:27:54 AM PDT by FreePoster (Political correctness will not die of its own sickness. It has to be killed by the ideas of freedom.)
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To: tobyhill

Don’t get too excited....”L.A. Grand Jury?
Hand picked by Pelosi, no doubt.
This is to bury the issue right where it lies.


35 posted on 09/26/2008 3:51:49 AM PDT by Fireone (Will the next Ronald Reagan please stand up!)
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To: tobyhill

book ‘em, dano


36 posted on 09/26/2008 8:08:06 AM PDT by kingattax (99 % of liberals give the rest a bad name)
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To: Oldexpat

It’s the equivalent of a beautiful woman turning tricks for a dollar. Congressmen sell our country out sooooooo cheap.


37 posted on 09/26/2008 7:31:45 PM PDT by GOPJ (Let free markets work - stupid companies SHOULD go belly-up - including Frannie and Freddie.)
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