Skip to comments.Report: Countrywide won influence with [Dodd and Conrad] discounts
Posted on 07/05/2012 7:02:09 AM PDT by Perdogg
The former Countrywide Financial Corp., whose subprime loans helped start the nation's foreclosure crisis, made hundreds of discount loans to buy influence with members of Congress, congressional staff, top government officials and executives of troubled mortgage giant Fannie Mae, according to a House report.
(Excerpt) Read more at news.yahoo.com ...
Dodd has to be one of the most corrupt pigs to ever serve in congress. I wonder how much money he has now? I’m sure he’s enjoying his retirement in style.
It’s all part of the standard “Screw Mr. Everyman Plan” and then head for the hills. Has any member of Congress ever been prosecuted for influence peddling?
I believe the legal term is “BRIBE”.....
Dodd should be in JAIL!!
scumbag jim johnson of fannie, didnt even payhis bills!!! This clown is one of the biggest scums in washington...[from article]...
Former Fannie Mae heads James Johnson, Daniel Mudd and Franklin Raines. Countrywide took a loss on Mudd’s loan. Fannie employees were the most frequent recipients of VIP loans. Johnson received a discount after Mozilo waived problems with his credit rating.
The report said Mozilo “ordered the loan approved, and gave Johnson a break. He instructed the VIP unit: ‘Charge him 1/2 under prime. Don’t worry about (the credit score). He is constantly on the road and therefore pays his bills on an irregular basis but he ultimately pays them.’”
Johnson in 2008 resigned as a leader of then-candidate Barack Obama’s vice presidential search committee after The Wall Street Journal reported he had received $7 million in Countrywide discounted loans.
It sure would help if once in a while some of these losers were indicted. It has a wonderful deterrent effect.
My other pet peeve is it cannot be repeated enough that these pols Democrat and Republican alike are not subject to Obamacare. Talk about a conflict of interest helped along by safe voting districts. There is much to do.
I saw this on Fox & Friends this morning. Dodd and Conrad were mentioned and apparently other democrat congress critters were also involved and (they said) a couple of Republicans.
Wonder who those were. Not surprising about the dems...they are mostly crooks.
Every person who *wink wink* participated in this theft of money and public TRUST should be doing time in the greybar hotel.
Chris Dodd is now chairman and CEO of the Motion Picture Association of America (MPAA).
A staffer to Bennett was involved, but the GOP dumped Bennett.
The House report is useless, unless Dodd and Frank are brought to trial.
I hope that the House will consider this a priority.
Im sure hes enjoying his retirement in style.
And enjoying every tasty spoonful, until...
Dodd: Waiter, there's a bar of thoap in my thoup!
Tyler Durden: Maybe somebody is telling you to clean up your act, Sir.
Wonder how the soup is in prison?
As the article notes, in addition to Dodd and Conrad, the crooks include current Republican House members Howard “Buck” McKeon and Elton Gallegly and former Congressman Tom Campbell, along with Democratic Congressman Edolphus Towns and former Democratic Cabinet secretaries Alphonso Jackson, Henry Cisneros, and Donna Shalala.
Why the heck is this coming out now? The “friends of Angelo” program was known a couple of years ago and, especially Dodd’s sweetheart deals for his houses, one I believe is in Ireland. The timing of this coming out now smells.
There. I fixed it.
It’s deeper than I can ever know.
Feel so hosed!
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.