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Keyword: kentconrad

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  • Dem. Senator Traces Partisanship To “1994 and Newt Gingrich”

    12/26/2012 11:30:11 PM PST · by Olog-hai · 31 replies
    Cybercast News Service ^ | December 26, 2012 | Eric Scheiner
    When asked about the roots of political partisanship in Washington, retiring Senator Kent Conrad (D-N.D.) traces the issue to Newt Gingrich. “I can see it very directly going back to 1994 and Newt Gingrich,” Conrad told C-Span in an interview. “He had a view, to take over the House of Representatives one had to bring down the institution and things have never been the same since.” …
  • Countrywide Probe is Chance for Ethics Committee to do 'Something Significant'

    12/21/2011 9:21:15 AM PST · by jazusamo · 6 replies
    National Legal & Policy Center ^ | December 21, 2011 | NLPC Staff
    It appears that four current members of the United States House of Representatives received loans via the VIP program of Countrywide Financial Corporation. Once again the motives of the former giant mortgage institution have been brought into question. Where they trying to peddle influence with these loans? Congressman Darrell Issa (R-CA) is the Chairman of the House Oversight and Government Reform Committee and he has been investigating the VIP program for a number years. Issa reportedly learned about the four loans after issuing a subpoena to Bank of America. Countrywide was purchased by Bank of America in 2008 and...
  • Dem (aka 'bipartisan') Keystone support creates tougher fight for Reid, Obama

    12/16/2011 9:20:59 PM PST · by Libloather · 20 replies
    The Hill ^ | 12/16/11 | Alexander Bolton
    Dem Keystone support creates tougher fight for Reid, ObamaBy Alexander Bolton - 12/16/11 04:08 PM ET Republicans want to jam Senate Majority Leader Harry Reid (D-Nev.) on the Keystone oil sands pipeline and the Democratic leader will have a tough time resisting, given support within his caucus for the project. GOP leaders have made clear to Reid that they will not approve an extension of the payroll tax holiday unless it includes language to speed up construction of the pipeline. Senate Republicans estimate as many as 14 Senate Democrats support the project. Labor unions have also voiced strong backing, complicating...
  • Kent Conrad “Furious” Over Republican Showing Up For Budget Meeting

    05/20/2011 7:38:25 AM PDT · by george76 · 16 replies
    sa ^ | May 19, 2011 | Rob Port
    Senator Kent Conrad, the allegedly “pragmatic” and “common sense” budget leader (according to his sycophants at the Fargo Forum) was upset recently when a Republican dared showed up to a meeting about one of Conrad’s many budget proposals. Because how dare the opposition party think they get a say in the budgeting. ... “Sen. Kent Conrad, D-N.D., is steadily emerging as the voice of pragmatism and common sense in the overheated federal budget debate in Washington,” wrote the Fargo Forum in an editorial. That doesn’t mesh with the reality of Kent Conrad’s actions on the budget, which has been to...
  • House Freshman Berg Will Run for Senate in North Dakota

    05/16/2011 7:18:02 PM PDT · by Clintonfatigued · 11 replies
    Roll Call ^ | May 16, 2011 | Shira Toeplitz
    Freshman Rep. Rick Berg (N.D.) made his Senate campaign official Monday, providing Republicans with a top candidate for retiring Democratic Sen. Kent Conrad’s seat. “To change Washington, we need to change the Senate,” Berg said in an online video announcement circulated to supporters. “Washington could learn a lot about the way we do things in North Dakota. Unfortunately, President Obama, Harry Reid and Senate Democrats have stopped real reforms. That’s why I’m running to be North Dakota’s Senator, to bring much-needed change to the Senate.” Republicans view Berg as a top candidate for the open Senate seat in 2012. Although...
  • Obama floats plan to tax cars by the mile

    05/05/2011 5:42:55 AM PDT · by Sub-Driver · 348 replies
    Obama floats plan to tax cars by the mile By Pete Kasperowicz - 05/05/11 07:45 AM ET The Obama administration has floated a transportation authorization bill that would require the study and implementation of a plan to tax automobile drivers based on how many miles they drive. The plan is a part of the administration's "Transportation Opportunities Act," an undated draft of which was obtained this week by Transportation Weekly. This follows a March Congressional Budget Office report that supported the idea of taxing drivers based on miles driven. Among other things, CBO suggested that a vehicle miles traveled (VMT)...
  • Fraud charge for Countrywide boss

    06/04/2009 3:40:57 PM PDT · by LurkedLongEnough · 10 replies · 558+ views
    BBC Americas ^ | 4 June 2009 | Unattributed
    Angelo Mozilo, former boss of Countrywide Financial, has been charged with civil fraud and insider trading by the Securities and Exchange Commission. He is the highest profile executive to face charges relating to the US sub-prime mortgage crisis in 2007. --snip-- Mr Mozilo has denied doing anything wrong. Two other former executives have also been charged with civil fraud. --snip -- The SEC published extracts from e-mails sent by Mr Mozilo. "The bottom line is that we are flying blind on how these loans will perform in a stressed environment of higher unemployment, reduced values and slowing home sales," he...
  • Issa's First Subpoena: BofA/Countrywide

    02/16/2011 7:55:20 PM PST · by george76 · 17 replies
    FOX Business ^ | February 16, 2011 | Rich Edson
    Countrywide’s VIP program is the first subpoena target for House Oversight and Government Reform Committee Chairman Darrell Issa (R-Calif.), said a committee aide. The “Friends of Angelo” program, named for former Countrywide CEO Angelo Mozilo, has been under committee investigation since 2008 for allegedly granting generous mortgage deals to influential government officials, lawmakers and employees at Fannie Mae. “Countrywide orchestrated a deliberate and calculated effort to use relationships with people in high places in order to manipulate public policy and further their bottom line to the detriment of the American taxpayers even at the expense of its own lending standards,”...
  • Issa demands details on Countrywide's VIP loan program (Friends of Angelo)

    02/16/2011 6:46:41 PM PST · by Libloather · 21 replies
    The Hill ^ | 2/16/11 | Peter Schroeder
    Issa demands details on Countrywide's VIP loan programBy Peter Schroeder - 02/16/11 06:31 PM ET Bank of America will have to turn over all documents and records tied to Countrywide Financial's VIP lending program after House Oversight Committee Chairman Darrell Issa (R-Calif.) issued a subpoena for them Wednesday. Issa announced the far-reaching subpoena, his first as chairman of the panel, and made clear that he wanted to know specifically what public employees or elected officials may have benefited from the program. Issa is looking for all documents about the program, and is particularly interested in what "covered borrowers" were involved...
  • Senate map shrinks for Democrats in 2012

    01/20/2011 2:45:26 AM PST · by markomalley · 26 replies
    AP/Yahoo ^ | 1/20/11 | Charles Babington
    North Dakota Sen. Kent Conrad's retirement plans underscore a big problem for Democrats in 2012 and beyond. Farm Belt and Southern voters who prefer a Republican president but have often backed moderate Democrats for Congress seem increasingly inclined to vote GOP in all federal races. Republicans rejoiced at Conrad's announcement this week, convinced they can win the open seat in 2012 and hold it for years to come. They see it as a replay of last fall's North Dakota election, in which Republican John Hoeven easily won the Senate seat vacated after 18 years by Democrat Byron Dorgan. They also...
  • DeMint sets sights on four Dems in 2012 (WOO-HOO!)

    12/02/2010 11:09:20 AM PST · by onyx · 78 replies
    The Daily Caller ^ | 12:46 PM 12/02/2010 | By Jeremy P. Jacobs
    South Carolina Sen. Jim DeMint (R) is turning his attention to 2012 and using the vote this week on an earmark moratorium to pick his Democratic targets. DeMint sent an email to the supporters of his Senate Conservatives Fund early Wednesday highlighting four Democrats who voted against the earmark ban, are up for re-election in 2012 and sit in states that John McCain (R) carried in 2008: Sens. Jon Tester (Mont.), Ben Nelson (Neb.), Kent Conrad (N.D.) and Joe Manchin (W.Va.). In the email, DeMint called for unseating Tester, Nelson, Conrad and Manchin. "These senators are nice folks but...
  • Democrats' houses of corruption

    09/27/2010 3:23:11 AM PDT · by Scanian · 17 replies · 1+ views
    NY Post ^ | September 26, 2010 | Michelle Malkin
    Like millions of Americans, Delaware Republican Senate nominee Christine O'Donnell has had trouble covering her mortgage and other bills over the years. Her opponents consider this a scandal. But there's a bigger disgrace: all the sanctimonious Democrats who've exploited their political incumbency to pay for manses and vacation homes -- while posing as vox populi. Vice President Joe Biden has a house in Delaware's ritziest Chateau Country neighborhood worth at least $2.5 million. He secured the estate with the help of a corporate executive who worked for Biden's top campaign donor, credit-card giant MBNA. In 1996, Biden sold his previous...
  • Hello AMT

    04/26/2010 2:32:28 PM PDT · by Graybeard58 · 12 replies · 819+ views
    Waterbury Republican-American ^ | April 26, 2010 | Editorial
    Back when he was running for president, Barack Obama vowed he'd never, ever raise taxes on individuals earning less than $200,000 a year or families earning less than $250,000. But of course he wasn't speaking for his allies in the Senate, who last Wednesday revealed a plan that would hit more than 30 million people with tax increases averaging $3,700 a year, starting in 2012. The vehicle would be the alternative minimum tax. Enacted four decades ago, the AMT was never indexed for inflation, so every year it potentially applies to more people who would have been considered wealthy in...
  • Sen. Conrad says health care process may never, ever end

    03/20/2010 10:43:36 AM PDT · by NoobRep · 12 replies · 643+ views
    SF Examiner ^ | 3/18/10 | Clark Brooks
    Sen. Kent Conrad, speaking to Roll Call and Fox, says the Senate will likely be unable to pass unchanged the reconciliation bill the House passes, even if the House can pass it: Conrad said the Senate Parliamentarian has declined to make rulings on several issues in the bill that Republicans are likely to challenge under the “Byrd rule.” That rule states that, among other things, every provision of a budget reconciliation bill must have a budget impact and cannot be “extraneous.” “Although we’ve spent many, many hours with the Parliamentarian, some things he has not yet rendered a conclusion” on,...
  • More Deals In: Health Care Bill Gives Special Treatment (The bribes still coming in)

    03/20/2010 6:01:53 AM PDT · by tobyhill · 50 replies · 1,048+ views
    fox news ^ | 3/19/2010 | ap
    Bye bye, Cornhusker Kickback. Hello, special treatment for Tennessee and North Dakota. Democrats unveiling revisions Thursday to their health care overhaul bill decided to kill the extra $100 million in Medicaid funds for Nebraska that has become a symbol of backdoor deal making. But the 153 pages of changes to the massive health care package include extra money for hospitals in Tennessee that serve large numbers of low-income patients. And though the bill would revamp the nation's student loan system to make the government the only lender, one bank — the state-owned Bank of North Dakota — would be allowed...
  • EDITORIAL: Academic malpractice--Senators protect turf while killing student-loan business

    02/17/2010 7:50:13 PM PST · by jazusamo · 5 replies · 371+ views
    The Washington Times ^ | February 18, 2010 | Editorial
    In the recent annals of senatorial vote-buying, there have been the Cornhusker Kickback and the Louisiana Purchase. Now make way for the Bismarck Earmark. Sen. Kent Conrad, North Dakota Democrat, seems to be demanding a sop for the Bank of North Dakota to guarantee his support for President Obama's proposed federal takeover of the entire student-loan industry, known as the Student Aid and Fiscal Responsibility Act. The senator is willing to impose this awful idea on the rest of the country so long as North Dakota's own program is spared. Sen. Patrick J. Leahy, Vermont Democrat, is seeking additional exemptions,...
  • Gold-Star father David Jeffers to ND Senator Kent Conrad: "I'm staying."

    11/26/2009 6:40:58 PM PST · by EternalVigilance · 43 replies · 2,984+ views ^ | November 26, 2009 | David Jeffers
    American ThinkerNovember 26, 2009Senator Conrad's insulting defense of trying KSM in New York David Jeffers:Democrat Senator from North Dakota, Kent Conrad, while defending the Obama Administration's decision to try al Qaeda terrorists in civilian courts, said: "If people don't believe in our system, maybe they ought to go somewhere else."  Really Senator Conrad? Would you like to retract that statement? I am a Gold-Star Father, meaning my son Sergeant Eddie Jeffers was killed in Iraq.  I am opposed to terrorists being tried in civilian courts.  Did I mention that I am a 22 year Army veteran?  Is it okay with...
  • Senator Conrad's insulting defense of trying KSM in New York

    11/26/2009 8:57:46 AM PST · by Nachum · 16 replies · 792+ views
    American thinker ^ | 11/26/09 | David Jeffers
    Democrat Senator from North Dakota, Kent Conrad, while defending the Obama Administration's decision to try al Qaeda terrorists in civilian courts, said: "If people don't believe in our system, maybe they ought to go somewhere else." Really Senator Conrad? Would you like to retract that statement? I am a Gold-Star Father, meaning my son Sergeant Eddie Jeffers was killed in Iraq. I am opposed to terrorists being tried in civilian courts. Did I mention that I am a 22 year Army veteran? Is it okay with you if invoke my free speech rights?
  • Conrad: People Who Don’t Believe in Civil Terrorist Trials should 'Leave America Go Somewhere Else’

    11/26/2009 4:16:39 AM PST · by IbJensen · 46 replies · 1,406+ views
    CNS News ^ | November 25 2009 | Matt Cover – Sen. Kent Conrad (D-N.D.) told that civilian courts are well-suited to prosecute al Qaeda terrorists and that "if people don't believe in our system, maybe they ought to go somewhere else.” Conrad also dismissed a question about the rights of terrorists captured on foreign battlefields and the rules of evidence in terms of a civilian court trial as not serious. Attorney General Eric Holder announced on Nov. 13 that five suspects in the 9/11 attacks would be tried in a civilian court in New York City instead of facing a military trial. On Capitol Hill on Nov....
  • Dem senator: Americans who don’t want KSM tried in civilian court can “go somewhere else”

    11/25/2009 3:40:29 PM PST · by Free ThinkerNY · 37 replies · 1,909+ views
    Hot Air ^ | Nov. 25, 2009 | Allahpundit
    A new one from CNS featuring Kent Conrad, who’ll be spared a “worst person in the world” award on Olbermann’s show for this bit o’ demagoguery solely by virtue of his party affiliation. Consider this a sequel to Lindsey Graham’s grilling of Holder last week: In both cases, we’ve got a Democrat who’s (a) absolutely confident that civilian trials are the way to go and (b) plainly unprepared to address the rather significant constitutional implications of his preference. The search warrant question here is bait but the underlying point isn’t: FrumForum interviewed former FBI and CIA agents to get their...
  • House Democrats Lock GOP Out of Committee Room A bitter divide over Countrywide mortgage scandal.

    10/21/2009 1:33:31 PM PDT · by jessduntno · 35 replies · 1,601+ views
    wsj ^ | today | FREEMAN
    House Democrats Lock GOP Out of Committee Room A bitter divide over Countrywide mortgage scandal. By JAMES FREEMAN Democratic staff for the House oversight committee informed their GOP counterparts today that the majority has changed the locks on the committee's hearing room. While Republicans previously enjoyed their own key to the room, they will now have to request access from Democrats. This followed a bitter partisan argument in which Republicans refused to take down a video from their website that contradicted Dem explanations about a closed-door meeting on the Countrywide VIP loan scandal. As we reported last week, the committee...
  • The Vote Democrats Don't Want: Whatever you do, don't mention Countrywide.

    10/17/2009 3:37:48 AM PDT · by Scanian · 12 replies · 1,690+ views
    Wall Street Journal ^ | OCTOBER 16, 2009 | JAMES FREEMAN
    If you think moderate Democrats are afraid of voting for ObamaCare, you should see how they react to a potential vote on the Countrywide Financial loan scandal. The House oversight committee was scheduled to meet on Thursday afternoon to mark up several minor pieces of legislation. Days before the meeting, California Republican Darrell Issa notified committee Chairman Edolphus Towns that Mr. Issa would call for a vote to subpoena Countrywide documents from Bank of America, which bought the failed subprime lender last year. Recall that, under the "Friends of Angelo" program, named for former Countrywide CEO Angelo Mozilo, Democratic Senators...
  • Issa Ramps Up Probe of Countrywide After Report on Phone Tapings ('FRiends of Angelo' pot bubbles)

    09/28/2009 11:56:00 AM PDT · by NormsRevenge · 7 replies · 942+ views
    CQPolitics on Yahoo ^ | 9/28/09 | CQPolitics
    The revelation that Countrywide Financial recorded phone conversations as part of a specialized "VIP" mortgage loan program has added another twist to a Republican-led inquiry on Capitol Hill. Republican Rep. Darrell Issa, who has aggressively pursued the now-defunct Countrywide program for much of this year, said Monday that a call-recording system put in place as early as 2003 could contain evidence of wrongdoing by prominent public officials. He requested a raft of new information about the program and the taping system from Bank of America, which purchased Countrywide in July 2008 as it struggled with mounting losses amid the collapse...
  • Sunday Morning Talk Show Thread 23 August 2009

    08/23/2009 4:40:05 AM PDT · by Alas Babylon! · 410 replies · 13,355+ views
    Various driveby media television networks ^ | 23 August 2009 | Various Self-Serving Politicians and Big Media Screaming Faces
    The Talk Shows Sunday, August 23rd, 2009 Guests to be interviewed today on major television talk shows: FOX NEWS SUNDAY (Fox Network): Jim Towey, president of Saint Vincent College and former director of the White House Office of Faith-Based and Community Initiatives; Sen. Arlen Specter, D-Pa.; Rep. Paul Ryan, R-Wis.; Tammy Duckworth, an assistant Veterans Affairs secretary.MEET THE PRESS (NBC): Sens. Orrin Hatch, R-Utah, and Chuck U. Schumer, D-N.Y.; Adm. Mike Mullen, chairman of the Joint Chiefs of Staff; Karl Eikenberry, U.S. ambassador to Afghanistan.FACE THE NATION (CBS): Sens. Charles Grassley, R-Iowa, and Kent Conrad, D-N.D.; former national Democratic Party...
  • No Health Care Middle Ground As Dems And GOP Scorn Co-Ops

    08/20/2009 6:48:49 PM PDT · by Kaslin · 24 replies · 519+ views ^ | August 20, 2009 | SEAN HIGGINS
    Sen. Kent Conrad, D-N.D., has hoped to break the gridlock in Washington by replacing the public option with health care co-ops. But both sides are so dug in that his idea has made little progress.Liberals have scorned co-ops as a retreat from creating a government insurer. Conservatives see it as a public option by another name. "The only reason it is getting any play at all is because the public option is on the downside right now, we think," said Merrill Matthews, director of the Council for Affordable Health Insurance, which represents insurers. Conrad, Senate Budget Committee chairman, told Fox...

    08/20/2009 3:26:40 AM PDT · by Scanian · 7 replies · 872+ views
    NY Post ^ | August 20, 2009 | PAUL GREENBERG
    GOSH, what a surprise: A committee of their fellow senators has decided that Chris Dodd and Kent Conrad did nothing unethical when they took out loans from Countrywide Financial on the kind of favorable terms not available to mere mortals without their financial or political standing -- or a personal connection to the head of Countrywide. The very Select Committee on Ethics did recognize that the whole deal looked bad, and gave its colleagues a gentle pat on the wrist for creating "the appearance that you were receiving preferential treatment based on your status as a senator." But in the...
  • Dem Senator: Public option is dead

    08/16/2009 9:57:27 AM PDT · by RobinMasters · 72 replies · 2,219+ views
    Hot Air ^ | August 16, 2009 | ED MORRISSEY
    If Barack Obama hoped to rescue his vision of a health-care system overhaul with his wan effort in the New York Times, a key member of the Senate Democratic Caucus threw a bucket of cold water on those hopes this morning. Senator Kent Conrad (D-ND) told a television audience that the pursuit of a public option for coverage was a “wasted effort” that would kill any hope of passage in the upper chamber. Obama, said Conrad, should exercise more humility in approaching a government role in American health care — and even Obama’s key Cabinet member agrees: “Look, the fact...
  • Sunday Morning Talk Show Thread 16 August 2009

    08/16/2009 5:03:02 AM PDT · by Alas Babylon! · 454 replies · 12,520+ views
    Various driveby media television networks ^ | 16 August 2009 | Various Self-Serving Politicians and Big Media Screaming Faces
    The Talk Shows Sunday, August 16th, 2009 Guests to be interviewed today on major television talk shows: FOX NEWS SUNDAY (Fox Network): Sens. Kent Conrad, D-N.D., and Richard Shelby, R-Ala.; J. James Rohack, president of the American Medical Association; John Rother, executive vice president for policy and strategy at AARP.MEET THE PRESS (NBC): FreedomWorks chairman and former Rep. Dick Armey, R-Texas; Sen. Tom Coburn, R-Okla.; former Sen. Tom Daschle, D-S.D.; R. Bruce Josten, executive vice president of the U.S. Chamber of Commerce; Rep. Charles Rangel, D-N.Y.; Gov. Bill Ritter, D-Colo.FACE THE NATION (CBS): White House press secretary Robert Gibbs; former...
  • The Countrywide Senators

    08/16/2009 3:16:40 AM PDT · by Eleutheria5 · 13 replies · 1,049+ views
    As the old Irish toast goes, may your sins be judged by the Senate ethics committee. Actually that's not an Irish toast but it must be the fervent hope of every politician who received a "Friend of Angelo" loan from former Countrywide Financial CEO Angelo Mozilo. Late last week the six Senators on the ethics panel dismissed complaints against Senators Kent Conrad and Chris Dodd with a mere admonishment about the appearance of impropriety. The three Republican and three Democratic Senators say they conducted an exhaustive probe and inspected 18,000 pages of documents. They say they found "no substantial credible...
  • Dodd, Conrad Cleared in Ethics Probe on Countrywide Loans (Friday pm news dump)

    08/07/2009 2:35:32 PM PDT · by khnyny · 28 replies · 1,694+ views
    Market Watch ^ | August 7, 2009
    WASHINGTON (MarketWatch) -- Two key Democrat senators were cleared by the Senate Ethics Committee on Friday from year-long investigations about whether mortgages they obtained from Countrywide Financial Corp. violated the senate's rules on gifts. The bipartisan committee, which supported the decision unanimously, did scold the senior lawmakers, Senate Banking Committee Chairman Christopher Dodd, D-Conn., and Senate Budget Committee Chairman Kent Conrad, D-N.D., for not being more careful in their dealings. "While the committee finds no substantial credible evidence as required by committee rules that your Countrywide mortgage violated Senate ethics rules, the committee does believe that you should have exercised...
  • Panel: Senators' VIP loans broke no Senate rules (Skunks clear skunks of any wrongdoing)

    08/07/2009 10:36:06 AM PDT · by NormsRevenge · 37 replies · 1,977+ views
    AP on Yahoo ^ | 8/7/09 | Julie Hirschfeld Davis - ap
    WASHINGTON – A committee that investigated VIP mortgage deals for Democratic Sens. Chris Dodd and Kent Conrad has cleared both of them of breaking Senate rules. The Select Committee on Ethics tells Dodd of Connecticut and Conrad of North Dakota in separate letters that it has found "no substantial credible evidence" that their Countrywide mortgages broke Senate gift rules.
  • Key Lawmaker Received Countrywide Loans

    08/06/2009 9:30:17 PM PDT · by FromLori · 6 replies · 496+ views
    WSJ ^ | 8/7/09
    A powerful House Democrat who has turned down a Republican's call to subpoena records of a mortgage program at Countrywide Financial Corp. received two home loans from the lender. Some information in the lawmaker's mortgage documents raises the possibility they were made through the program, which provided loans to public figures and other favored borrowers often at lower interest rates or with lower origination fees than were available to the general public. The loans were made to Rep. Edolphus Towns of New York, who heads the House Oversight and Government Reform committee. The panel's ranking Republican, California Rep. Darrell Issa,...
  • Kent Conrad rips Darrell Issa investigation (whiny Democrat Alert)

    08/06/2009 11:58:40 AM PDT · by OldDeckHand · 18 replies · 1,186+ views ^ | August 6, 2009 | MANU RAJU
    Sen. Kent Conrad (D-N.D.) lashed out at Rep. Darrell Issa (R-Calif.) after the Republican congressman pushed the powerful Democratic senator to divulge details about low-interest loans he received from Countrywide Financial. In letters provided to POLITICO, Conrad has accused Issa of attempting to impugn his name in a GOP inquiry into the Countrywide mortgage scandal. Conrad said that the Senate Ethics Committee is the “appropriate forum to resolve this matter,” not Issa’s Republican staff on the House Oversight and Government Reform Committee. “It is unfortunate that you chose to damage my good name in your report without giving me the...
  • Co-opting the Co-op

    08/01/2009 7:52:19 PM PDT · by Man50D · 6 replies · 335+ views ^ | July 27, 2009 | Christopher Beam
    That kooky health care cooperative idea is still the Democrats' best shot at bipartisanship. When Sen. Kent Conrad first proposed the idea of health care cooperatives back in June, the response was somewhere between Huh? and Huh. But as the debate over reform escalates, the attitude toward the formerly long-shot proposal may be getting closer to Aha! The past few weeks have amounted to a long, cold shower for Democratic health care proposals. First Congressional Budget Office director Douglas Elmendorf told Congress that the House and Senate health committee bills would not only fail to "bend the curve" of ever-rising...
  • VIDEO: CBS News Reports On Sens. Conrad, Dodd's Sweetheart Loan Scandal

    08/01/2009 6:46:58 AM PDT · by ianschwartz · 7 replies · 568+ views
    Real Clear Politics ^ | July 31, 2009 | Real Clear Politics
    Countrywide's strategy to regulate the mortgage industry included favoring influential people by offering sweetheart loans. That included senators Kent Conrad and Chris Dodd.
  • Dodd and Obama: Corrupt Birds of a Feather

    07/31/2009 1:41:57 AM PDT · by Kaslin · 4 replies · 459+ views ^ | July 31, 2009 | Michelle Malkin
    Everything you need to know about false Hope and Change can be found in one picture: the image of President Obama embracing embattled Sen. Chris Dodd. The troubled Democrat is in deep over his sweetheart Countrywide home-loan deals, corporate bailout cash and crony associations. New revelations by Countrywide whistleblower Robert Feinberg confirm what more and more of Dodd's constituents in Connecticut are coming to realize: He's a lying weasel. Dodd denied knowledge of the special treatment the subprime mortgage company had given him and Senate Budget Committee Chairman Kent Conrad on home loans. (Dodd's were worth more than $800,000.) Feinberg...
  • Dodd Man Out?

    07/29/2009 5:38:53 PM PDT · by Kaslin · 26 replies · 2,247+ views
    IBD Editorials ^ | July 29, 2009 | INVESTORS BUSINESS DAILY Staff
    Corruption: Chris Dodd's teetering re-election chances weren't helped by news that the senator may have lied about not knowing he got preferential treatment as one of Countrywide Financial's Friends of Angelo program.Can you foreclose on a house of cards? Dodd, D-Conn., may soon find out after the official who handled his mortgages testified before both the House Government Reform and Oversight Committee and the Senate Ethics Committee that Dodd did in fact know he got sweetheart deals from a company that went on to lose billions of dollars on home loans to credit-strapped borrowers. As the No. 1 recipient of...
  • Dodd, Conrad: Mortgage Discounts Were 'Courtesy'

    07/29/2009 9:38:33 AM PDT · by khnyny · 42 replies · 2,366+ views
    The Washington Times ^ | July 29, 2009 | S.A. Miller
    Two powerful Senate Democrats said Tuesday that they knew they got low mortgage-rate deals in a lender's VIP program but thought the special treatment was a "courtesy" or the same as "frequent flier" discounts. Both vehemently denied any wrongdoing or ethical lapse in the mortgage deals, which came to light a year ago and triggered investigations by the Senate Select Committee on Ethics and the House Oversight and Government Reform Committee. "I thought this was like a frequent-flier program," Sen. Kent Conrad, chairman of the Senate Budget Committee, said of the special benefits. "I thought nothing of it." Sen. Christopher...
  • Angelo's Ashes (Chris Dodd, Call Your Office)

    07/29/2009 6:13:36 AM PDT · by WhiteCastle · 8 replies · 480+ views
    National Review Online ^ | July 29, 2009 | Editorial
    Sen. Chris Dodd is overdue for a long talk with his spokesman, Bryan DeAngelis, who wrote: “As the Dodds have said from the beginning, they did not seek or expect any special rates or terms on their loans and they never received any; they were never offered special or sweetheart deals and if anyone had made such an offer, they would have severed that relationship immediately.” That statement is false: Senator Dodd himself has acknowledged that he knew he was given a “VIP” offer from Countrywide, the disgraced mortgage lender where CEO Angelo Mozilo’s “Friends of Angelo” program traded sweetheart...
  • (Dodd, Conrad) Criminal Probe Time

    07/29/2009 4:37:53 AM PDT · by WhiteCastle · 6 replies · 801+ views
    New York Post ^ | July 29, 2009 | Editorial
    Whoa. It's looking like Sen. Chris Dodd's involvement with a sub prime-lending company warrants far more than a mere Senate Ethics Committee look-see. Or so suggests closed-door committee testimony from a fomer executive of the firm in question. Dodd, chairman of the Senate Banking Committee, and Senate Budget Committee Chairman Kent Conrad of North Dakota both got sweetheart mortgage deals a few years back from Angelo Mozilo, CEO of subprime-mortgage giant Countrywide Financial.
  • Another Lie->Chris Dodd KNEW He Was Getting Sweetheart Mortgage

    07/28/2009 4:33:02 AM PDT · by Shellybenoit · 5 replies · 362+ views
    Washington Post/The Lid ^ | 7/28/09 | The Lid
    With each day Senator Chris Dodd's hold on the Senate seat he has held for almost 30 years grows more tenuous. As the Chair of the Senate Banking committee he deserves a share of of the blame for the economic mess we are in now, on top of that, are the recent scandals in which he has been involved. Ten months ago it was disclosed that the Chairman of the Senate Banking Committee Received TWO VIP Loans from Sub-Prime Lender Countrywide Inc. The Loans were at favorable interest rates. Senator Dodd claimed he didn't know he was receiving a "sweetheart"...
  • Dodd, Conrad Told Deals Were Sweetened

    07/28/2009 1:26:19 AM PDT · by FromLori · 14 replies · 613+ views
    ABC ^ | 7/28/09
    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...
  • Dodd, Conrad told deals were sweetened

    07/27/2009 5:29:01 PM PDT · by Red in Blue PA · 5 replies · 335+ views
    Yahoo ^ | 7/27/2009 | Staff`
    WASHINGTON – 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...
  • AP IMPACT: Dodd, Conrad told deals were sweetened

    07/27/2009 2:07:42 PM PDT · by ronnietherocket2 · 55 replies · 4,865+ views
    Associated Press ^ | Jul 27 04:46 PM US/Eastern | By LARRY MARGASAK
    WASHINGTON (AP) - 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.
  • Key Senate Democrat (Conrad) Concedes Republican Support Needed for Health Overhaul

    07/26/2009 10:22:23 AM PDT · by Zakeet · 39 replies · 327+ views
    Fox News ^ | July 26, 2009
    Senate Democrats are going to need help from Republicans to get President Obama's ambitious plan to reinvent the health care system over the goal line, a top lawmaker acknowledged on Sunday. "Look, there are not the votes for Democrats to do this just on our side of the aisle," said Sen. Kent Conrad, the chairman of the powerful budget committee. Even though the Democrats enjoy a majority in the Senate, some are skittish about the financial or political costs of the proposals. And Republicans said they will continue their opposition to a plan they claim is simply a government takeover...
  • Democrats getting bolder on gov't insurance plan

    06/22/2009 3:18:05 PM PDT · by reaganaut1 · 29 replies · 1,617+ views
    Associated Press ^ | June 22, 2009 | Ricardo Alonso-Zaldivar
    Democrats are becoming bolder about their idea that middle-class familes get the option of joining a government insurance plan in any overhaul of the health care system. Their fervor carries a risk. Liberals, citing polls that show support for a public plan, say they are increasingly frustrated with negotiations to make the idea more palatable to Republicans. Moderates, however, warn that abandoning the talks could jeopardize efforts to draft a bill that can pass a closely divided Senate. "It is important not to draw lines in the sand and rule out options before they are fully explored," Sen. Kent Conrad,...
  • Report Revealing New VIPs Shows How Countrywide Used Mortgage Deals to Buy Influence, Block Reforms

    03/24/2009 6:57:55 AM PDT · by gartrell bibberts · 27 replies · 1,331+ views
    An Oversight and Government Reform Committee Republican report Countrywide Financial Corporation’s infamous VIP and Friends of Angelo Program offers new insight into the inner workings of Countrywide’s efforts to buy friends in critical government and industry positions affecting the company’s business interests. “This investigation finds that Countrywide embarked in a determined and calculated effort to buy influence – employees openly weighed the political influence of targeted officials when deciding what perks to offer,” said Issa. “Countrywide VIPs in positions of key responsibility didn’t innocently stumble into loans with reduced rates and waived fees – they were recruited into the program...
  • The Deficit-Hawk Blues ("Blue Dogs" have no bite)

    03/12/2009 9:08:29 PM PDT · by St. Louis Conservative · 6 replies · 483+ views
    The Wall Street Journal ^ | March 13, 2009 | Kimberly Strassel
    If they gave out Olympic medals for fiscal irresponsibility, President Bush would take the gold, silver and bronze. -- North Dakota Sen. Kent Conrad, July 2008, commenting on a projected 2009 deficit of $482 billion. I would describe it as a good beginning. -- Sen. Conrad, February 2009, commenting on President Barack Obama's 2010 budget.Projected deficit: $1.75 trillion. If you thought being a spend-happy president in the middle of a recession was hard, consider that it could always be worse. You could, instead, be one of Congress's self-acclaimed deficit hawks. Spare a special thought for Mr. Conrad, head of the...

    02/28/2009 2:41:42 AM PST · by Scanian · 21 replies · 1,330+ views
    The New York Post ^ | February 28, 2009 | Geoff Earle
    WASHINGTON - President Obama's $3.6 trillion budget came under criticism from an unexpected source yesterday - Sen. Kent Conrad, the Democratic chairman of the Senate Budget Committee, who vowed to give the spending plan a "thorough scrubbing." The blast from within the ranks of Obama's own party comes as Congress is girding for battle over the budget document - which pays for health reform, clean energy and other programs with $1 trillion in tax hikes over the next decade. "I am concerned about the long-term buildup of debt," the North Dakota senator told CNBC. "I'm especially concerned about the second...
  • Stimulus is Too Heavy on Spending, Says Growing Number of Senators

    02/01/2009 12:38:21 PM PST · by FocusNexus · 48 replies · 1,967+ views
    FOx News ^ | Feb. 1, 2009 | FoxNews
    Some Senate Democrats are joining the Republican chorus in opposition to the $900 billion economic stimulus package. President Obama is stressing bipartisanship when it comes to the $900 billion economic stimulus plan being considered in the Senate, and he may get it -- in unity of opposition. Senate Minority Leader Mitch McConnell, R-Ky., said he "can't believe that the president isn't embarrassed about" the stimulus packages that have passed the House and the Senate appropriations and finance committees. "It'll need to change if it'll do any good. I mean, things like $150 million honey bee insurance and $650 million to...