Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

Dodd, Conrad Told Deals Were Sweetened
ABC ^ | 7/28/09

Posted on 07/28/2009 1:26:19 AM PDT by FromLori

Despite their denials, influential Democratic Sens. Kent Conrad and Chris Dodd were told from the start they were getting VIP mortgage discounts from one of the nation's largest lenders, the official who handled their loans has told Congress in secret testimony.

Both senators have said that at the time the mortgages were being written they didn't know they were getting unique deals from Countrywide Financial Corp., the company that went on to lose billions of dollars on home loans to credit-strapped borrowers. Dodd still maintains he got no preferential treatment.

Dodd got two Countrywide mortgages in 2003, refinancing his home in Connecticut and another residence in Washington. Conrad's two Countrywide mortgages in 2004 were for a beach house in Delaware and an eight-unit apartment building in Bismarck in his home state of North Dakota.

Robert Feinberg, who worked in Countrywide's VIP section, told congressional investigators last month that the two senators were made aware that "who you know is basically how you're coming in here."

(Excerpt) Read more at abcnews.go.com ...


TOPICS: Business/Economy; Government; News/Current Events; US: Connecticut; US: North Dakota
KEYWORDS: 111th; chrisdodd; corruption; kentconrad

1 posted on 07/28/2009 1:26:19 AM PDT by FromLori
[ Post Reply | Private Reply | View Replies]

To: FromLori
Nothing to see here. Move along, and Bush's fault and all that.

Dodd should be voted out of office, but the people in Jersey will pull it through for the Democrats every time.

2 posted on 07/28/2009 2:21:29 AM PDT by lt.america (Looking for a bailout)
[ Post Reply | Private Reply | To 1 | View Replies]

To: lt.america

> but the people in Jersey will pull it through for the
> Democrats every time.

Actually, it’s Connecticut, but it’s the same for any state where the DeomonRATs have a stranglehold.

Consider the murderer Ted Kennedy, the pimp Barney Frank, the rapist Gerry Studds. And that’s just Massachusetts.


3 posted on 07/28/2009 2:27:49 AM PDT by Westbrook (Having more children does not divide your love, it multiplies it.)
[ Post Reply | Private Reply | To 2 | View Replies]

To: Westbrook
Your right. No coffee yet. I immediately started thinking of the upcoming gubernatorial race and then had flashbacks of the Torch, old man Lautenberg and Whitman.
4 posted on 07/28/2009 2:31:49 AM PDT by lt.america (Looking for a bailout)
[ Post Reply | Private Reply | To 3 | View Replies]

To: lt.america

There in lies the problem. to many just MOVEON, when information of Dummy Corruption becomes public. I’m sure if this had been Chaney the msm would be hyperventilating.


5 posted on 07/28/2009 2:32:08 AM PDT by Marty62
[ Post Reply | Private Reply | To 2 | View Replies]

To: Marty62

Gypses, Tramps & Thieves.


6 posted on 07/28/2009 3:28:53 AM PDT by crazyotto
[ Post Reply | Private Reply | To 5 | View Replies]

To: FromLori

http://www.portfolio.com/news-markets/national-news/portfolio/2008/07/16/Countrywide-Deals-Exposed

Breakdown of the “Friends of Angelo” program and how it worked. Highly suggested read.


7 posted on 07/28/2009 3:35:48 AM PDT by Proud_USA_Republican ("The problem with socialism is that you eventually run out of other people's money.")
[ Post Reply | Private Reply | To 1 | View Replies]

To: FromLori

Democrat liars.


8 posted on 07/28/2009 3:49:05 AM PDT by BamaAndy
[ Post Reply | Private Reply | To 1 | View Replies]

To: Proud_USA_Republican

Excellent information thank you.


9 posted on 07/28/2009 4:13:05 AM PDT by FromLori (FromLori)
[ Post Reply | Private Reply | To 7 | View Replies]

To: FromLori

*Influential* Democratic Sens. Kent Conrad and Chris Dodd=Above the law!


10 posted on 07/28/2009 4:20:29 AM PDT by Vaduz (u)
[ Post Reply | Private Reply | To 1 | View Replies]

To: FromLori
Every time I buy a Used Car, I get a Sweet Deal. At least that is what the dealer tells me. My mechanic thinks otherwise, but at least he is always happy.
11 posted on 07/28/2009 4:21:22 AM PDT by BallyBill (Serial Hit-N-Run poster)
[ Post Reply | Private Reply | To 1 | View Replies]

To: FromLori

Crooks. Rotten crooks.


12 posted on 07/28/2009 4:52:00 AM PDT by advance_copy (Stand for life or nothing at all)
[ Post Reply | Private Reply | To 1 | View Replies]

To: lt.america
Dodd should be voted out of office, but the people in Jersey will pull it through for the Democrats every time.

Dodd represents Connecticutt, but I think the situation is the same there.

13 posted on 07/28/2009 4:57:50 AM PDT by Rummyfan (Iraq: it's not about Iraq anymore, it's about the USA!)
[ Post Reply | Private Reply | To 2 | View Replies]

To: FromLori

I would hope that the honest people of North Dakota would be repulsed by Conrad’s open corruption and vote him out of office.


14 posted on 07/28/2009 6:15:08 AM PDT by The Great RJ ("The problem with socialism is that you eventually run out of other people's money." M. Thatcher)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Proud_USA_Republican

Thank You for the link. disgusting. And to think this is the bunch that Americans are willing to trust their health care too.


15 posted on 07/28/2009 9:03:28 AM PDT by Marty62
[ Post Reply | Private Reply | To 7 | View Replies]

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson