[2banana]

Impeachment!!!!

[FMBass]

Stock tip: Buy Home Depot and Lowes. I’m headed out for a pitchfork for the march on Washington that I know is coming soon to remove these phony baloney crooks.

[originalbuckeye]

The beneficiaries of these ‘reduced’ loans seem to be quite Democrat in persuasion. One was in GWB’s cabinet but he could still be a Dem. We need to start pointing out the Dem Culture of Corruption. The article also says that Obama is trying to maintain the ‘highest ethical standards’. Hmmmm . Where have I heard that before? The most ethical administration was the Clinton's tenure, yes? /s

[bkepley]

For Mr. Dodd, who is said to be on a short list for vice president for Mr. Obama

For Mr. Dodd, who is a LSOS..

[Dick Bachert]

The SANCTIMONIOUS Kent Conrad caught with his ethics down?

Ya just have to love it.

He should resign or stand impeachment.

[Dick Bachert]

And CHRIS DODD, the other half of Ted Kennedy’s now famous waitress sandwich?

Oh, be still my heart!

[caisson71]

Democrat Congressmen playing the “who me?” role? They declare their expertise by making laws for us but know nothing about the subject. They didn’t know they got preferential treatment? What planet to these guys live on.

[FMBass]

“many of those receiving Countrywide home mortgages say they were not aware the company might have been working behind the scenes to give them favorable loan terms.”

Bwahhh, ha, ha, ha! Please stop! I can’t breath. My ribs are about to explode.

[rfp1234]

What is wrong with the Dakotas? 3 of 4 Sens are RATS.

[TheBattman]

Politicians benefitting financially from their office and connections? No Way!!!!

/sarcasm

[Ann Archy]

Kent CON-rad’s Vacation home was a MILLION DOLLAR MORTGAGE@!!! VACATION HOME of a MILLION DOLLAR MORTGAGE!!! geesh.

[Ann Archy]

Chris Dudd is up to his short little neck in CORRUPTION!!!! INVESTIGATE!!!

[OCC]

The only Republican mentioned in the article. Guess it's not such a good idea to appoint a director of HUD who has a background in running public housing.

Alphonso R. Jackson served as President Bush's housing secretary from 2004 until March 31, 2008, when he resigned in the face of investigations into whether he improperly steered hundreds of thousands of dollars in government contracts to friends in New Orleans and the Virgin Islands.

Mr. Jackson was the first leader of the federal Department of Housing and Urban Development to arrive at the post with a background in running public housing, having served as president of the Dallas housing authority. He was the federal agency's deputy director from 2001 to 2004.

[Ann Archy]

Dudd and AON-rad need to RESIGN!!

[advance_copy]

Dodd is the chairman of the Senate Banking, Housing, and Urban Affairs committee. He should be removed from that position immediately.

[Southack]

The NY Times *buried* this story down in their U.S. Politics section on a Saturday.

It would have been Page 1 for weeks if those two Senators were Republicans.

[Chode]

and the RATS, take another one in the..................HA ha!!!

[afnamvet]

Looks like the Countrywide honey pot spilled on some greedy folks. Just apply feathers.

[rolling_stone]

This is worse than first look. When Mozila was questioned on the hill they softballed the questions and even told him they were not going to grill him.

Next Dodds wants to pass the 300 billion mortgage bailout bill at taxpayer expense which would benefit Countrywide- CFC. Dodds apparently wasn’t just asleep at the switch when the subprime mortgage was becoming a problem, he looked away.

Of course without Gramm-Leach-Billey Act repealing the depression era bank safeguards bill Glass-Steagall would have helped prevent the credit crisis we are in now. Throw in the do-gooder pressure to give loans to people without credit and this is what we have. Add Congress doing away with tax deductibility of car and credit card loans, then houses became the ATM of choice. Unintended consequences, plain stupidity or corruption, take your choice.

For those of you that don’t follow the credit crisis closely, IMO we are on the brink of a major economic disaster, caught between inflating the dollar and raising interest rates. The Federal reserve, Congress, the SEC and others have failed miserably in doing their jobs in this area and now we face the consequences. The subprime problem is now growing to alt a loans, arms and other foolish loans, and is not going away in the near future. We will have literally hundreds of broken banks and Fannie Mae and Freddie Mac are also in danger of need of being federalized at taxpayer expense. Greed and Corruption is now responsible for the coming hard times. We are trillions in debt and must finance that debt. The dollar is falling in value and oil rising. If interest rates do not go up at least equal to inflation rates, treasury note buyers will go elswhere and we will be in deep caca. Raising interest rates will not help the housing market or jobs. Truly we are on knife’s edge, but Bernanke and the FED needs to raise interest rates and let some Wall Streeters go broke or our whole economy will collapse. The SEC and FBI need to do some quick enforcement or there will be no trust in our government and no stopping of the fraud and greed. Its time to take a little pain or shortly we will take a lot.

Get the pitchforks ready its time for housecleaning.

Interesting item below about the Dodds deal:

http://market-ticker.denninger.net/archives/466-Wheres-The-FBI-Weekend-of-614.html

[Loyal Buckeye]

“Obama has set such high standards on ethics,” said James Thurber, director of the Center for Congressional and Presidential Studies at American University in Washington. “If indeed Chris Dodd got below-market loans, it could be a disqualifier for someone being considered for an important appointment.”

Funny stuff.