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Report: Countrywide won influence with [Dodd and Conrad] discounts
Yahoo ^

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 ...


TOPICS: Business/Economy; Crime/Corruption; News/Current Events
KEYWORDS: chrisdodd; countrywide; cultureofcorruption; democratscandals; dodd; fanniemae; foreclosure; mortgagecrisis; mozillo; mozilo; obama; scandals

1 posted on 07/05/2012 7:02:17 AM PDT by Perdogg
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To: Perdogg

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.


2 posted on 07/05/2012 7:04:50 AM PDT by ilovesarah2012
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To: ilovesarah2012

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?


3 posted on 07/05/2012 7:08:26 AM PDT by Pecos ("We hold these truths to be self-evident ..... ")
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To: Perdogg

I believe the legal term is “BRIBE”.....


4 posted on 07/05/2012 7:09:12 AM PDT by G Larry (I'm under no obligation to be a passive victim!)
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To: Liz

ping


5 posted on 07/05/2012 7:17:24 AM PDT by thouworm (.)
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To: ilovesarah2012

Dodd should be in JAIL!!


6 posted on 07/05/2012 7:18:34 AM PDT by CMailBag
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To: Perdogg

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.


7 posted on 07/05/2012 7:18:44 AM PDT by biggredd1
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To: Perdogg

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.


8 posted on 07/05/2012 7:19:27 AM PDT by plato10
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To: Perdogg

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.


9 posted on 07/05/2012 7:23:16 AM PDT by altura
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To: CMailBag

Every person who *wink wink* participated in this theft of money and public TRUST should be doing time in the greybar hotel.


10 posted on 07/05/2012 7:24:03 AM PDT by spankalib (The Marx-in-the-Parks crowd is a basement skunkworks operation of the AFL-CIO)
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To: Perdogg

Chris Dodd is now chairman and CEO of the Motion Picture Association of America (MPAA).


11 posted on 07/05/2012 7:34:30 AM PDT by DFG ("Dumb, Dependent, and Democrat is no way to go through life" - Louie Gohmert (R-TX))
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To: altura

A staffer to Bennett was involved, but the GOP dumped Bennett.


12 posted on 07/05/2012 7:36:50 AM PDT by Perdogg
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To: Perdogg
I'm waiting to hear our Attorney Corporal announce that Dodd had been indicted.

Waiting.......waiting....still waiting.....

13 posted on 07/05/2012 7:39:36 AM PDT by Gay State Conservative (Bill Ayers Was *Not* "Just Some Guy In The Neighborhood")
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To: Perdogg

The House report is useless, unless Dodd and Frank are brought to trial.

I hope that the House will consider this a priority.


14 posted on 07/05/2012 7:40:29 AM PDT by kidd
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To: ilovesarah2012

I’m sure he’s 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?

15 posted on 07/05/2012 7:52:33 AM PDT by OldEarlGray (The POTUS is FUBAR until the White Hut is sanitized with American Tea)
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To: altura

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.


16 posted on 07/05/2012 7:54:05 AM PDT by drjimmy
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To: Perdogg

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.


17 posted on 07/05/2012 8:02:25 AM PDT by capydick (''Life's tough.......it's even tougher if you're stupid.'')
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To: spankalib
Every person who *wink wink* participated in this theft of money and public TRUST should be doing time in the greybar hotel.

"Oops"
http://www.google.com/#hl=en&sclient=psy-ab&q=Ambassador+Roland+Arnall+Ameriquest

 
 

18 posted on 07/05/2012 8:05:17 AM PDT by OldEarlGray (The POTUS is FUBAR until the White Hut is sanitized with American Tea)
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To: Perdogg
HEADLINE: Report: Countrywide won influence with [Dodd and Conrad] discounts bribes

There. I fixed it.

19 posted on 07/05/2012 8:34:41 AM PDT by Gritty (The Democratic Party is a common sewer into which is emptied every treason-US Sen. Oliver Morton, IN)
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To: OldEarlGray

Thank you.
It’s deeper than I can ever know.
Feel so hosed!
grrrr


20 posted on 07/05/2012 8:48:47 AM PDT by spankalib (The Marx-in-the-Parks crowd is a basement skunkworks operation of the AFL-CIO)
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To: All

If Romney wins and the gop takes every seat in congress, I predict nothing will be done to any of the crooks.


21 posted on 07/05/2012 8:51:01 AM PDT by Terry Mross ( To all my kin: Do not attempt to contact me as long as you love obama.)
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To: Terry Mross

How in the hell DODD/FRANK were ever permitted to write any bank regulations may be another in a series of crimes of the century commited by the obama anti american socialist democrat regime. If it is ever investigated, these two most likely were one of the main causes of the mortgage meltdown in the first place.


22 posted on 07/05/2012 9:26:55 AM PDT by spawn44 (moo)
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To: Perdogg; All
Unasked, let alone unanswered question:

In corporate America, when an executive is asked/required to move in other to take a new position, part of the relocation package often includes a mortgage at a below market rate. This is usually done if the exec, in selling, is forced to give up the existing mortage for a new one AT A HIGHER RATE.

Whatever the reason, it is part of the IRC that the COST SAVINGS in dollars to the exec, from the savings due to a lower interest rate, is TAXABLE INCOME each year to the individual.

Seems only fair that all these crooks should have to pay taxes on the value of their discounted mortgages.

23 posted on 07/05/2012 10:14:48 AM PDT by ken5050 (FRACK Obama!!!)
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