How does Countrywide's Angie Mozilo get into his
$170,000 Lamborghini with Sen Dodd in his back pocket?
Posted on 03/24/2009 6:57:55 AM PDT by gartrell bibberts
An Oversight and Government Reform Committee Republican report Countrywide Financial Corporation’s infamous VIP and Friends of Angelo Program offers new insight into the inner workings of Countrywide’s efforts to buy friends in critical government and industry positions affecting the company’s business interests.
“This investigation finds that Countrywide embarked in a determined and calculated effort to buy influence – employees openly weighed the political influence of targeted officials when deciding what perks to offer,” said Issa. “Countrywide VIPs in positions of key responsibility didn’t innocently stumble into loans with reduced rates and waived fees – they were recruited into the program personally by high-ranking company officials including former CEO Angelo Mozilo.”
(Excerpt) Read more at republicans.oversight.house.gov ...
Couldn’t find a photo of her that wouldn’t also necessitate a BARF ALERT.
Besides, even using The RANGLER put me in jeopardy of being called RACIST.
No doubt that the Obama brownshirts already have your name and addy so they can send you to the reeducation camps as soon as they get their domestic Acorn Army in place.
How does Countrywide's Angie Mozilo get into his
$170,000 Lamborghini with Sen Dodd in his back pocket?
Since the Dodd story broke in June, the five-term senator has offered contradictory fragments of explanations and intentions. Dodd gallops the gamut from calling the allegations of special treatment "outrageous" to pledging repeatedly and specifically to release documents related to the $800,000 in sweetheart deals he got from Countrywide.
Still claiming "there's nothing there," Dodd refuses to say whether his Senate campaign committee's payments of $60,000 last summer to a Washington law firm----- which has a history of representing Democratic senators in trouble-----were for his defense in the Senate ethics investigation of his dealings with Countrywide.
Dodd suggested, before he fled to his third home in Ireland in August, that Countrywide was not cooperating in providing information.
Dodd still claims there was nothing unusual about the $800,000 in mortgages he got from Countrywide in 2003, but records refute that, too. Documents indicate that Dodd was getting a mortgage of $276,150 on his second home in Connecticut on July 3, 2003. The amount was reduced to $275,042 and the mortgage he was refinancing was paid off.
Dodd and his wife also got a home equity loan on their Connecticut property in East Haddam from Countrywide that day.
But the course those loans took was very strange.
============================================
For nearly a year and a half, Countrywide failed (or declined) to secure its interest in Dodd's home by taking the ordinary and essential step of presenting the documents to the local town clerk and recording them in the land records.
The standard routine is for the homeowner to sign the loan documents, the borrowed money is sent to the lender being paid off and the new mortgage is recorded on local land records within a few days.
Dodd, however, signed some (but not all) of his loan documents himself.
Agents of Countrywide signed his $275,042 Connecticut mortgage. His previous mortgage with Countrywide was paid off but the new mortgage did not appear on the local land records for an astonishing 16 months.
For nearly a year and a half, Countrywide failed (or declined) to secure its interest in Dodd's home by taking the ordinary and essential step of presenting the documents to the local town clerk and recording them in the land records. This is exceedingly rare in the mortgage business. Too bad for Dodd mortgages leave detailed paper trails.
Now, it's likely that Dodd is on his hands and knees pleading with Obama to call off the Feds. That's why we need to take other routes to see that justice is done.
For example----Dodd (and his wife and family) are probably enrolled in high-roller comp programs at Conn casinos (and/or in other gambling venues). These programs show every nickel high rollers bet---including wins on which high rollers may not have paid taxes.
Casinos are very tightly regulated. They are more than happy to cooperate with authorities---to protect their licenses.
Casinos would also have records on the amount of untraceable casino chips Dodd (his wife and his family) received-----maybe gifts from AIG or Dodd's pal Angelo.
Authorities should also inquire if Dodd wire-transferred--- or if AIG wire-transferred---monies into Dodd's casino account, and if taxes were paid on these monies.
Connecticut Division of Special Revenue (Gaming Control Board)
WEB SITE http://74.125.95.104/search?q=cache:EPdMRVRy8g8J:www.ct.gov/dosr/
Mailing Addresses:
Division of Special Revenue (casino control)
555 Russell Rd.
Newington CT 06111-1523
Division of Special Revenue (casino control)
P.O. Box 310424
Newington CT 06131-0424
Another possibility: Dodd, AIG, and Angelo, may have used NETeller Plc to illegally convert monies that were then transferred offhore---to overseas gambling companies, for their personal use later. NETeller is an Isle of Man-based payment processor for gambling Web sites (suspected of having operations in the US Virgin Islands---a notorious money-laundering bank haven).
ROTFLOL!!
Bring ‘em on. I’m too old and close to heading home to really care.
And I will NOT go gentle into that good night...
The report failed to mention or to investigate if Chris Dodd actually made any payments on his mortgage.
The hope is there will be slapped knuckles and the matter will go away.
Good point! It is very possible that Dodd has never even made a payment!
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