Is your Senator involved in the Countrywide/Dodd Scandal?

The Conservative Revolution ^ | 6-16-2008 | Brendan Steinhauser

[bstein80]

The Wall Street Journal explains today that Senator Chris Dodd and Senator Kent Conrad received special “VIP” treatment from Countrywide, a company that has been heavily criticized in the sub-prime mortgage “crisis.” It turns out that while Senators Dodd and Conrad were self-righteously railing against companies that offered sub-prime loans, they were refinancing their homes with special deals from Countrywide that the average American did not have access to.

Now, these Senators are backing a $300 billion bailout of lenders and borrowers who made bad decisions on mortgages. Countrywide stands to gain a lot from the bailout, which is raising concerns about who else in the Senate received such special treatment. You can find out by calling your senators at 866-928-3035 and asking them. Post comments below if you talk to anyone in their offices.

[bstein80]

Call the Capitol at 866-928-3035 and find out whether your Senator has a Countrywide mortgage, and whether he or she plans to vote for the bailout!

[cardinal4]

When I wrote this post, I didnt know Conrad had done it, too..

[y6162]

Yes ..Dodd is my senator..hangs head in shame.

[CGASMIA68]

I live in Ct,but Dodd is NOT my anything....

[RockinRight]

Lots of people have Countrywide mortgages, I’d dig deeper before assuming a Senator who has one got any special treatment in exchange for a favor.

[bstein80]

True, but not everyone is working on legislation to bail Countrywide out.

UPDATE: Representative Jeb Hensarling (R-TX) is calling for hearings.

Excerpt:

While some might disagree regarding what the proper response of the federal government to this mortgage market turmoil should be, I think we all can agree that it would be wrong for Members of Congress to get special treatment on their mortgages simply because they are elected office holders. That’s why next week I will be sending a letter to the Speaker and the appropriate chairman with oversight requesting hearings on this issue. We must ensure that no Member is inappropriately benefiting from their position.

[skully]

Both my senators are Democrats, so I'm sure they're involved.

[hshomemaker]

The democrats want to raise the tax on capital gains. But,at the same time because of the sub-prime mortgage meltdown, many financial institutions have seen their stock prices drop and have cut their dividends. If you are an investor, you will get hit from both sides if the democrats have their way.

[NTHockey]

>>Lots of people have Countrywide mortgages, I’d dig deeper before assuming a Senator who has one got any special treatment in exchange for a favor.<<

I disagree; everyone in Washington acts like laws do not apply to them. It is safer to accuse them and let them prove otherwise. I know that it is not the “American Way” but they are supposed to be our representatives. How can they represent anyone when they have no scruples?

Besides, it is sooo much fun to watch them squirm!

[Straight Vermonter]

Culture of corruption.

[Eric in the Ozarks]

The Clintons proved it. There are 8 million ways to funnel a kickback or bribe to a politician.