It wasn’t “grease”, it was K-Y..................
V.P. Chris Dodd. Yep, that’s the ticket.
And Obama’s Chicago bud, Gov. Deval Patrick, had made a nice piece of change dealing with that other sub-prime mortgage company, Ameriquest.
The fact that Countrywide CEO clearly pumped and dumped himself to 1/2 a BILLION dollars as his company ran into the ground and isn’t in jail is all you need to know about this.
You dig you are going to find players with both political parties covered in mud from this company.
The fact this guy and others like him on the executive staff and board of this company have not (and never will be) frog marched for their crimes are why we are in the mess we are in.
Ooooooo - a quarter of a point off the going rate and 3/8 of a point off a re-finance. Be still my beating heart. Sound like scandal material. Come on people, haven’t we got bigger fish to fry? This isn’t even abnormal for a well qualified loan.
Geez... you listen to CNN and this is all just a waste of these good Senators time.
Um lets look at the math here....
“which saved him (conrad)about $10,000 per year on a $1.07 million mortgage.....
PER YEAR. And conrad is willing to give 10,000 to charity? Thats nice but what about the savings of the 10k every year for the life of the mortgage? And he gets the tax benefit of the donation. Did he refinance his loan so he wouldnt continue to get the sweetheart deal? NOPE!
The other officials who allegedly received special attention from Mozilo included President George W. Bush’s former housing secretary, Alphonso Jackson, and two senior figures from former president Bill Clinton’s administration — former United Nations ambassador Richard Holbrooke and former Health and Human Services secretary Donna Shalala, the magazine wrote.
I wonder if Terry McAullife’s name will appear after further investigation. He helped Bill and Hill with an interest free home loan.