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Senators Caught in Mortgage Fallout
The New York Times ^ | June 14, 2008 | LESLIE WAYNE

Posted on 06/13/2008 7:54:09 PM PDT by mdittmar

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To: rolling_stone

Dudd, Conrad and the other Senators are trying to BURY us in DEBT of a HALF A TRILLION DOLLARS??????? It’s time for PITCHFORKS and MARCHES!!!!!


41 posted on 06/14/2008 5:33:27 AM PDT by Ann Archy (Abortion.....The Human Sacrifice to the god of Convenience.)
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To: mdittmar
POLITICAL QUOTE OF THE YEAR!

(from Senator Conrad, one of the most liberal and vicious members of the House of Lords)

"I felt I was getting special treatment, but not that I was getting a special rate."

Leni

42 posted on 06/14/2008 5:41:28 AM PDT by MinuteGal (Stay Home in Nov. For More Taxation, Regulation, Litigation, Ginsburgization and Obamination)
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To: mdittmar
Well, this is a blatant violation of Senate ethics rules.

Nothing will actually be done about it, but it's important to note.

43 posted on 06/14/2008 5:51:12 AM PDT by Mr. Jeeves ("One man's 'magic' is another man's engineering. 'Supernatural' is a null word." -- Robert Heinlein)
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To: mdittmar
(Conrad) said he turned to Mr. Johnson and Mr. Mozilo because he was buying a property in Delaware and did not know where to get a mortgage in that state.

That was, no doubt, an almost insurmountable problem. Apparently, in Delaware they have no banks on every corner, no Yellow Pages, and the internet must have been down so searching "mortgage" on Google would not have brought up 230,000,000 hits.

After the phone call with Mr. Mozilo, a Countrywide loan officer called Mr. Conrad.

So just like everybody else, Conrad personally calls the President of this huge mortgage company and gets personal service and major waivers of company policy and specially reduced rates directed by the CEO himself. What's wrong with that? Golly. It's not like he was calling Jack Abramoff for financial favors or something.

44 posted on 06/14/2008 6:20:31 AM PDT by Gritty (Public affairs go on pretty much as usual: perpetual chicanery and more personal abuse-John Adams)
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To: rolling_stone
Thanks for the interesting link in your Post #36. I just posted it as a separate article...

Where's the FBI? (weekend of 6/14) [more on sweetheart Loans to prominent Democrats!]

45 posted on 06/14/2008 7:18:55 AM PDT by Gritty (Without virtue, there can be no political liberty - John Adams)
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To: 2banana

Headline of course does not include ‘Democrat’ senator. You have to read through the story to get that. Filthy Rats and Rinos.


46 posted on 06/14/2008 7:36:29 AM PDT by sasafras (Obama is stupid, an idiot and confused, McCain is EVIL!!!!)
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To: mdittmar

Note the use of the passive voice when the supposed crime is done by Democrats.


47 posted on 06/14/2008 8:16:33 AM PDT by PghBaldy (Michelle O's handlers: "Get me white people...!!!")
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To: Loyal Buckeye

...especially considering his Syrian fiend, Rezco, and his sweetheart real estate deal.


48 posted on 06/14/2008 8:21:32 AM PDT by PghBaldy (Michelle O's handlers: "Get me white people...!!!")
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To: mdittmar

TERM LIMITS!!!!!


49 posted on 06/14/2008 2:15:57 PM PDT by victim soul
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To: mdittmar

I hope Drudge and Rush will hammer this for weeks...


50 posted on 06/14/2008 2:17:30 PM PDT by mo
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To: MHGinTN

“Okay. Explain how you, yes you, can change this....”

could always print out the article....take it by hand to every little local daily/weekly rag, radio station in your neck of the woods.....


51 posted on 06/14/2008 2:19:40 PM PDT by mo
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To: mdittmar

IMHO, this, in fact should precipitate a Washington “crisis”...a system so broke it needs citizen intervention.


52 posted on 06/14/2008 2:21:00 PM PDT by mo
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To: FMBass
A third party isn’t going to help. A fourth party isn’t going to help

Agreed. A third party to attract "non-Rat" votes would only divide the "non-Rat" votes.

The only solution that will work is to rid the Republicans of the RINOs. Anything else will just guarantee that the Rats win and protect their criminal members.

We need another Reagan for President and no RINOs in the House and Senate.

53 posted on 06/14/2008 4:04:46 PM PDT by SteamShovel (Global Warming, the New Patriotism)
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To: originalbuckeye

I don’t know if Jackson is a Demoncrat, but I can tell you that he is Black.


54 posted on 06/14/2008 5:36:22 PM PDT by jtill (You are precious in God's eye and are God's wonder and delight.)
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To: highpockets
I respect Sen McCain for his service to our country, not lip service by me, but he is not the answer.

He is, if the only other choice is Barack Obama.

55 posted on 06/14/2008 5:55:58 PM PDT by SuziQ
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To: mdittmar

bump


56 posted on 06/14/2008 11:59:11 PM PDT by malia (God Bless America, President Bush and our Troops & their families .)
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To: mdittmar

bump


57 posted on 06/14/2008 11:59:11 PM PDT by malia (God Bless America, President Bush and our Troops & their families .)
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To: jtill
Yes, Bush did keep some Dems in his cabinet so maybe Jackson is a Dem.
58 posted on 06/15/2008 1:34:03 PM PDT by originalbuckeye
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To: rolling_stone
Johnson received $21 million in his last year at Fannie Mae

When James A. Johnson walked out of his office as chief executive at Fannie Mae for the last time, in December 1998, the longtime Democratic Party operative and investment banker could look back at his nearly decade-long tenure at the helm knowing the company had lived up to his promises of double-digit earnings growth. The value of its assets had also tripled, and its share price had risen sevenfold.

"Without good numbers, nothing else can get done," he told The Post in 1998.

Good numbers kept Wall Street happy. They paid the light bills for more than 50 partnership offices that represented Fannie Mae around the country. And they made top executives multimillionaires. Johnson received $21 million in his last year as chief executive and a consulting contract worth $600,000 a year.

http://www.washingtonpost.com/wp-dyn/content/article/2006/05/23/AR2006052301751.html

 

59 posted on 06/15/2008 1:55:07 PM PDT by dennisw (We have an idiocracy not a democracy)
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To: originalbuckeye

I’m pretty sure that Jackson was not a holdover. If memory serves me right, he was only in as head of HUD for about 2 yrs. in this second term.


60 posted on 06/15/2008 5:07:27 PM PDT by jtill (You are precious in God's eye and are God's wonder and delight.)
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