Posted on 07/10/2008 11:00:36 PM PDT by topher
Will there be a MORTGAGE-GATE controversy in the 2008 election? Judicial Watch has filed a complaint against the sweetheart deal that Senator Obama Barack has received in terms of a mortgage. So has Senator Christopher Dodd, D-CT, who is chair of the Senate Banking Committee.
One must ask the question are these two Democrats: are they Dumb, Dishonest, or both -- to have accepted these sweetheart mortgage deals for their personal life?
Should the US Justice Department start investigating these politicians and others for such deals to receive favorable treatment in legislation now that the mortgage industry is in serious trouble...
Curious and anxious FREEPERS are wondering...
Better English would have been:
One must ask the question of these two Democrats: are they Dumb, Dishonest, or both -- to have accepted these sweetheart mortgage deals for their personal life?
Sen. Obama got sweet deal, too
Dodd Denies Preferential Treatment by Controversial Mortgage Lender
Sen. Kent Conrad, D-N.D., chairman of the Senate Budget Committee.
He also was received a sweetheart loan.
I imagine being the Chairman of the Senate Budget Committee means one gets very special treatment to get legislation passed.
Add another Dishonest/Dump Democrat to the list of Mortgage-GATE...
Something influenced me to post this... I think for some reason heaven wants this to come out... I may be wrong, though.
There is definitely corruption or stupidity in the leadership of Democrat Party for this to happen...
Is this just bad writing, or did Dodd really file a complaint against O'bama?
I was wondering the same thing. Looks like bad writing.
That'll strike fear in the hearts of Democrats everywhere, you betcha.
Judicial Watch has also filed a complaint against Senator Christopher Dodd, D-Ct.
The three players:
Senator Obama, D-Il, presumptive Democratic nominee for President.
Senator Dodd, D-Ct, Chairman of the Senate Banking Committee.
Senator Conrad, D-ND, Chairman of the Senate Budget Committee.
At a time when the mortgage industry needs a bailout, these three all got sweetheart deals on mortgages...
The gift given to Senator Obama is worth about $100,000 on a $1.25 million loan.
Rick Moran
Not making many headlines because the perps are Democrats, the sweetheart loan deals that former Obama Vice Presidential vetter Jim Johnson accepted from Countrywide Chairman Angelo Mozilo have ensnared two Democratic senators; Ken Conrad of North Dakota and former presidential candidate Chris Dodd of Connecticut.
Conrad’s approach was outrageous. Here’s how the Wall Street Journal describes Conrad’s dealings with Countrywide and Mozilo:
Take Senator Kent Conrad, the North Dakota Democrat whose office issued a Friday statement saying that “I never met Angelo Mozilo.” What he did not say then but admitted under later questioning by a Journal reporter is that, although he may not have had a face-to-face meeting with the Countrywide CEO, Mr. Conrad had called Mr. Mozilo and asked for a loan. The result was a discounted loan on his million-dollar beach house and a separate commercial loan of a type that residential lender Countrywide did not even offer to other customers, regardless of the rate.So after calling the CEO of a company with various matters before the Senate, asking for a loan and then receiving at least two sweetheart deals, Mr. Conrad now says: “I did not think for one moment - and no one ever suggested to me - that I was getting preferential treatment.”
The arrogance is breathtaking. And going Conrad one better was Dodd who, as Chairman of the Banking Committee, oversaw actual legislation that directly benefitted Mozilo and Countrywide:
But it is Countrywide’s connections to Fannie Mae that may turn out to be the most problematic. The government lender did an enormous amount of business with Countrywide and Mozilo evidently encouraged that business by granting sweetheart loans to executives like Johnson as well as lawmakers like Conrad and Dodd.The same goes for Senator Christopher Dodd (D., Conn.), who chairs the very Banking Committee responsible for drafting the laws that govern Countrywide’s market. Mr. Dodd is still in denial mode, but so far no one has knocked down the Portfolio.com story that he received discounted loans as part of Countrywide’s “Friends of Angelo” program.
Democrats in Congress are pushing a bailout of both borrowers and lenders like Countrywide and they have been holding up legislation to reform Fannie Mae (and Freddie Mac) until Bush signs off on the giveaway. Is it coincidence that Dodd is one of the chief sponsors of this giveway and heavily involved in this quid pro quo demand from the Senate on desperately needed Fannie Mae reform?
Judging by the goodies he got from Mozilo, one would have to conclude that Dodd and Conrad have some questions to answer.
Posted at 10:59 AM
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