brought to you by David Gregory's hair.
Posted on 09/25/2008 3:41:49 AM PDT by abb
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. [Former Deputy Attorney General Jamie Gorelick, listening to testimony on Capitol Hill in April, got a Countrywide refinancing while at Fannie Mae.] Associated Press
Former Deputy Attorney General Jamie Gorelick, listening to testimony on Capitol Hill in April, got a Countrywide refinancing while at Fannie Mae.
Another Countrywide client was recently ousted Fannie Mae Chief Executive Daniel Mudd, though it isn't clear whether he received special treatment on two $3 million mortgage refinancings he made when he was the company's chief operating officer.
In an interview, Ms. Gorelick said she had no knowledge of receiving special treatment. A financial adviser to Mr. Mudd said he received interest rates in line with the prevailing market.
The Fannie loans -- including a series of already reported preferential loans to former Fannie chief executives James Johnson and Franklin Raines -- underscore the close connections between Countrywide and Fannie Mae and raise potential conflict-of-interest issues.
snip
(Excerpt) Read more at online.wsj.com ...
I have a jumbo rate well under 6, no points, with Countrywide ...I am not a vip (not even close), just a good credit customer for a long time...I am NOT defending that crook Gorelick...just trying to make sure if junk is piled on that it’s clear who did what wrong - I haven’t seen any documentation - can you get me a link with the grubby details - I’d like to get more info
It is time for you to do your own research. I am not your research assistant.
Nobody has worked harder than Jamie Gorelick to destroy this country. Her infamous “wall” allowed 9-11 to happen. She covered up the truth on the 9-11 Commission. As general counsel at FNMA, she allowed all sorts of illegal activities.
Gorelick is easy to find. She's at, or near the center of every scandal since the mid-90's.
Jaime S(candal) Gorelick
(No link)
JUSTICE’S NO. 2 STAYS ORGANIZED ON JOB, AT HOME
Pittsburgh Post-Gazette (PA) - December 26, 1996
Author: JACK TORRY, POST-GAZETTE WASHINGTON BUREAU
EXCERPT
As the Pentagon’s general counsel in 1993, she drafted the controversial ``don’t ask, don’t tell’’ policy that allowed gays to serve in the military but pleased neither gay rights advocates nor their foes. And some women’s organizations privately fume that Gorelick does not aggressively promote a feminist agenda.
Gorelick was advising Zoe E. Baird to prepare for her Senate confirmation hearings in 1993, after Clinton nominated Baird as attorney general. But Baird had to withdraw her name after a firestorm arose over her employment of an illegal-alien nanny for whom she had failed to pay Social Security taxes. Gorelick vastly underestimated the public outrage that revelation would provoke.
And Gorelick supports Reno’s recent decision, unpopular with many Republicans, not to name an independent counsel to investigate questions about foreign contributions to the Democratic National Committee in this year’s campaign.
Just this fall, Clinton passed her over for promotion to either the CIA helm or to head another Cabinet agency, prompting one female GOP attorney to call Gorelick ``the woman who’s always a bridesmaid and never a bride.’’
//
(No link)
Prosecutors are warned of fallout from FBI lab scandal
Houston Chronicle - February 14, 1997
Author: MICHAEL J. SNIFFEN, Associated Press
WASHINGTON - The Justice Department has advised 50 prosecutors, half in state and local governments, that FBI lab problems could affect their cases. And that figure might grow, Deputy Attorney General Jamie Gorelick said Thursday
“In each of the cases . . . there could be an issue raised by defense counsel,” Gorelick said at a news conference. “We’re just going to have to see how each court reacts to each separate fact pattern that’s presented” before anyone can say whether lab errors will harm the prosecutions. But a lawyer for the whistle-blower who first made allegations about lab errors said Gorelick was minimizing the problem.
(snip)
//
Investigator or obstructionist? - Gorelick laid foundation of intelligence failures
Washington Times, The (DC) - May 19, 2004
Author: David N. Bossie, SPECIAL TO THE WASHINGTON TIMES
EXCERPT
Documents just released by Justice trace the building of the wall , starting with Ms. Gorelick instructions to Mary Jo White, then prosecuting the blind sheik for the 1993 World Trade Center bombing, and Ramsey Yousef for terrorist activities, to separate counterintelligence and criminal investigations.
Ms. Gorelick ‘s direction to Ms. White created barriers “which go beyond what is legally required, will prevent any risk of creating an unwarranted appearance that the Foreign Intelligence Surveillance Act is being used to avoid procedural safeguards . . .” This was the very foundation of the wall .
Over Ms. White’s complaints, this became the new Justice Department policy. Documents show Ms. Gorelick directly reviewed Ms. White’s suggestions, some were changed, some rejected and some included. Ms. Gorelick then sent the policy with a hand-written note indicating her approval to the attorney general. The attorney general formalized Ms. Gorelick ‘s new policy in July 1995.
//
http://www.nytimes.com/2005/02/04/business/04boeing.html?_r=1&oref=slogin
Boeing Hires a Legal Team to Handle Scandal Cases
By TIM WEINER
Published: February 4, 2005
Abstract: Boeing Co, facing legal problems at Pentagon and Justice Department, hires Jamie S Gorelick and Richard Cullen, politically experienced outside lawyers; company is under fire for unethical handling of Pentagon contracts and trade secrets obtained from Lockheed Martin; cases reviewed (M)
EXCERPT
One of Boeing’s biggest critics in Washington, Senator John McCain, Republican of Arizona, is expected to intensify his war of words against the company after Congress reconvenes. Mr. McCain, a member of the Senate Armed Services Committee, helped kill a $23 billion Air Force plan to lease Boeing aircraft tankers after Ms. Druyun admitted she had fixed a higher price on the contract as a gift to Boeing.
//
(No link)
Duke bolsters legal team in fighting lawsuit - Ex-deputy attorney general to help against lacrosse players’ case
Herald-Sun, The (Durham, NC) - February 6, 2008
Author: Ray Gronberg
DURHAM — Duke University has added a former deputy attorney general of the United States to the legal team that will defend it against a federal civil-rights lawsuit filed by three members of the 2005-06 men’s lacrosse team.
Court papers filed this week indicate that Washington, D.C., attorney Jamie Gorelick will assist two Greensboro litigators in representing the school. They’re also the attorneys of record for the Duke University Police Department, Board of Trustees Chairman Robert Steel, school President Richard Brodhead and numerous other university officials.
(snip)
Let's see, I doubt it. Dodd, Frank, and Obama need to account for these donations a quasi-gov't agency gave them. Also they need to explain why when they were told of these problems they did absolutely nothing...They need to pay big time for this and no one is going to hold them accountable except for maybe radio talk show host! I'm not trying to be pessimitic about, just a realist!
The American people ought to be absolutely livid over this, but I don't hear an outcry yet.
You know how many people I see in a day ripping their investments out of the market? Although, I've only been in the finacial arenea for 20 years, I've never seen so many people taking their investments and running!
I really don't mean to frighten anyone, but it's looking a little minacious the way people are moving their money.
Oh? What's his name?
I would say you are doing a fine job of being pessimistic. The average taxpayer is still trying to grasp the financial situation. One thing easily understood is that some folks made out like bandits, while the rest of us are supposed to prop up the mess they left behind. It didn't take 48 hours for the economic debacle to occur, and exposing the bandits won't occur overnight. Patience is a virtue.
I really don't mean to frighten anyone, but it's looking a little minacious the way people are moving their money.
Just wait until they start pulling their money out of savings.
I wonder if it is possible to get a list of “friends of Angelo” ?
Foia perhaps?
Good point!
~~PING!
*******
“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.
Another Countrywide client was recently ousted Fannie Mae Chief Executive Daniel Mudd, though it isn’t clear whether he received special treatment on two $3 million mortgage refinancings he made when he was the company’s chief operating officer.
In an interview, Ms. Gorelick said she had no knowledge of receiving special treatment. A financial adviser to Mr. Mudd said he received interest rates in line with the prevailing market.
The Fannie loans — including a series of already reported preferential loans to former Fannie chief executives James Johnson and Franklin Raines — underscore the close connections between Countrywide and Fannie Mae and raise potential conflict-of-interest issues.”
*snip*
““I do not believe there was any special treatment given,” said Ms. Gorelick. A former Countrywide employee, Robert Feinberg, said that Ms. Gorelick’s business was handled through the firm’s VIP lending department in California, and the staff there was aware of her position as a senior Fannie executive.
“I know 100% she went through the VIP department,” Mr Feinberg said, adding that VIP clients such as Ms. Gorelick typically received a one percentage point reduction in their interest rate.
Real estate records show that Ms. Gorelick received nearly the same interest rate that Countrywide provided to then-Fannie chief Franklin Raines, who received a similar loan about 40 days before Ms. Gorelick in the spring of 2003.
Mr. Raines received a rate of 5.125% for the first 10 years on a $982,253 refinancing, Washington, D.C., real-estate records show.
A little over a month later, Ms. Gorelick received a rate of 5% for the first 10 years on a $960,149 refinancing. The transaction was handled by another employee who sat next to him, Mr. Feinberg said.
The average market rate for loans of the type obtained by Ms. Gorelick and Mr. Raines fluctuated around 6% at that time, according to data from HSH Associates Inc., potentially saving the two borrowers thousands of dollars over the life of the loans.”
http://sweetness-light.com/archive/countrywide-gave-loans-to-gorelick-mudd
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Who are the best contacts at the SEC, FBI, etc., whoever, to urge that Gorelick MUST be included in their investigations? The depths of my loathing for her despicable acts of fraud and treason are infinite.
I despise her .. BUMP!!
We should call them in mass and demand action. It probably won’t do a bit of good...too many Clintonanistas at both agencies....but we can try.
You know what’s discouraging to normal people is that we see this kind of thing over and over and if the wrongdoer is a dem, they are never punished.
Instead, we see these people elevated to ever more powerful and lucrative positions.
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