Posted on 09/26/2008 9:38:15 AM PDT by Ernest_at_the_Beach
Countrywide Mortgage CEO Angelo Mozilo offered sweetheart deals on loans to his “friends”, who just happened to be people who had oversight responsibilities on his business. People like Fannie Mae CEO/chair Jim Johnson, Senators Chris Dodd and Kent Conrad, and others got below-market-rate loans from Mozilo through a “Friends of Angelo” program at one of the main lenders at the heart of the subprime collapse. Now a federal grand jury wants to talk to Angelo’s circle of friends to determine whether indictments for corruption are in order:
Countrywide Financial Corp., the biggest U.S. mortgage lender, made large, previously undisclosed home loans to two additional executives of Fannie Mae, the government-chartered firm at the center of the U.S. credit crisis.
One of Countrywide’s previously undisclosed customers at Fannie was Jamie Gorelick, an influential Democratic Party figure whose $960,000 mortgage refinancing in 2003 was handled through a program reserved for influential figures and friends of Countrywide’s chief executive at the time, Angelo Mozilo. Ms. Gorelick was Fannie Mae’s vice chairman at the time.
(Excerpt) Read more at hotair.com ...
Is this a D.C. Federal Grand Jury, or one from somewhere else? If it’s D.C., it’s a waste of everyone’s time.
I wish some small town D.A. (like Jim Garrison, even though he as a nut, at least he had some guts) would file criminal charges against these crooks. He could claim jurisdiction by simply claiming a Countrywide loan in his area went into foreclosure.
The headline says........federal grand jury
The headline says........federal grand jury
I KNOW that, but is the Grand Jury being conducted in D.C. or somewhere else. I’m not registering to read the rest of the WSJ article. Perhaps, if someone has read all of it, it says where this FEDERAL Grand Jury is sitting.
I PRAY for JUSTICE to be done!!
I thought I read earlier it was in CA.
L.A.
“REPORT: LA grand jury probing Countrywide VIP loans (includes all the DEM suspects)
Friday, September 26, 2008 9:38:16 AM · 26 of 31
count-your-change to stockpirate
Probably not in the way you wish. The grand jury’s investigation is for the purpose of NOT bringing any indictments back. Thereby in the future the wrongdoers will be able to say, “A federal grand jury thoroughly investigated this matter and refused, on the basis of evidence, to issue indictments”.
They’ll call it a verdict of complete innocence and challenge anyone to dispute “a federal grand jury exoneration”.
The fix is in.”
I WANT DODD, JOHNSON, GORELICK, SCHUMER, FAG FRANK AND ALL THE OTHER HACKS INVESTIGATED NOW!!!!
Why is the media so quiet on this? THATS A rhetorical question.
Why is the media so quiet on this?
Because they attended liberal schools of yellow journalism and will doing anything and I mean anything to cover for liberal pond-sucking scum.
It’s like turning on your FRAT brother, are you going to do it?
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