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To: Eva
Both senators were VIP borrowers in the program known as "friends" of Angelo. Angelo Mozilo was chief executive of Countrywide, which played a big part in the foreclosure crisis triggered by defaults on subprime loans. The Calabasas, Calif.-based company was bought last July by Bank of America Corp. for about $2.5 billion.

Mozilo has been charged with civil fraud and illegal insider trading by the Securities and Exchange Commission. He denies any wrongdoing.

Asked by a House investigator if Conrad, the North Dakota senator, "was aware that he was getting preferential treatment?" Feinberg answered: "Yes, he was aware."

35 posted on 01/18/2011 8:09:01 AM PST by kcvl
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To: kcvl

What I was trying to say was that people get preferential treatment all the time, but what makes this different is that this guy was given preferential treatment because he was a Senator.

These Senators and Congressmen didn’t even realize that they were doing anything wrong because pay to play is how Progressive fascism works. It’s an intrinsic part of Progressivism.


55 posted on 01/18/2011 10:03:48 AM PST by Eva
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