REPORT: LA grand jury probing Countrywide VIP loans (includes all the DEM suspects)

LAtimesblogs via WSJ ^ | September 25, 2008 | Peter Viles

[stockpirate]

The Wall Street Journal reports that a federal grand jury in Los Angeles is investigating the so-called "Friends of Angelo" loan program at Countrywide Financial, under which influential borrowers received preferential terms on home loans.

The reported borrowers under the program have included U.S. Sen. Chris Dodd (D-Conn.), former Fannie Mae Chief Executive Franklin Raines, and California state appeals court judge Richard Aldrich.

[stockpirate]

Sounds like the fun is just beginning!

[SE Mom]

Rubbing hands together in anticipatory glee..

[Arm_Bears]

Indeed—However, I’ll be very surprised if any of the major players are indicted. The ruling class is not subject to the same laws that govern the great unwashed (i.e., the people that make the country work).

[ladtx]

[tiredoflaundry]

The poor bus, so many underneath it... ;-)

[avacado]

I hope Democratic Senator Dodd gets frog marched to prison. He has been a real nasty mouth whenever a TV camera gets in front of him.

And did anyone See Hanity & Colmes last night? Both Dick Morris and Colmes kept saying that the Republicans created this mess with the bad loans and Hannity never said a word! Aaarghhh!

[Miss Didi]

[Diogenesis]

"Sen. Dodd has been rewarded in the 2008 election cycle with $7.65 million in campaign contributions —
he took in $11.7 million in all — from the securities, insurance, real-estate and commercial-banking industries, according to his latest Federal Election Commission filing posted at opensecrets.org.

Sen. Dodd's list of donors reads like a who's who of who's in the stew:
Citigroup, $310,294; SAC Capital Partners, $282,000; United Technologies, $263,400;
AIG, $224,678; Bear Stearns, $205,600; St. Paul Travelers, $205,400; Royal Bank of Scotland, $203,750;
Goldman Sachs, $175,600; Morgan Stanley, $155,000; Credit Suisse, $154,550;
Merrill Lynch, $134,950; The Hartford, $94,350; Bank of America, $91,300
JPMorgan Chase, $129,150; USB, $101,900; Hartford Finance Services, $101,500
Lehman Brothers, $128,400; KPMG, $113,100; General Electric, $108,250; Deloitte Touche, $108,000

With $165,400, Sen. Dodd also tops the list of members of Congress who took campaign cash from Fannie Mae and Freddie Mac since 1989.

Sen. Barack Obama, the self-styled agent of change, is a distant second at $126,000 and Sen. John Kerry is third at $111,000.
In the top 20 are Senate Majority Leader Harry Reid, House Speaker Nancy Pelosi and Sen. Hillary Rodham Clinton."

[SE Mom]

Not to worry, it’s a bus...magic bus...;)

[Ernest_at_the_Beach]

WOW,...this could be great news....

[NonValueAdded]

LA? Why there? So the 9th Circus is in the loop to come to the rescue? Or is this a Maskirova play?

[tiredoflaundry]

heheheheheh

[Ernest_at_the_Beach]

Countrywide is headquartered out here,.

[Notasoccermom]

WOW,...this could be great news....

If the truth gets reported.

[Don Corleone]

Check in on the business loans to PeeLousy and her hubby while you are at it.

[VOA]

Yesterday’s Wall Street Journal had a near-half-page article on
Jamie Gorelick getting what appears to have been about a 5% loan rate
when most of us grunts could get a 6% rate.

Of course, Gorelick “was unaware” she was getting any sort of preferential
treatment.

We can’t get Gorelick, Raines, etc. indicted, tried and convicted
fast enough.
And stuff them ALL into the single prison cell that Ken Lay would have
been living in, but for his great luck of dying.

[joe fonebone]

I WANT HEADS ON A SILVER PLATTER!!!! I want to see every executive and manager, senator, congressman, judge and cabinet member involved in this frog marched directly to prison, held without bond or bail until trial, and when found guilty, sentenced to the maximun the law will allow.....

[surrey]

This morning ,as I was station hopping , I heard Imus call Dodd not only a genius but probably one of the most honest men in Washington!

[csvset]

A whole lot of Democrats are having their financial shenanigans brought to light. Chuck Rangel, Dodgy Dodd, who’s next?

[csvset]

I heard Imus call Dodd not only a genius but probably one of the most honest men in Washington!

Imus is a cocaine and booze addled idiot. Is America a great country or what? Where else could a rummy like that get a radio show and hobnob with the " elite " ?