[stephenjohnbanker]

For those of you who don’t know Hairy’s background, let me school you.

I used to own a mortgage company in the mid 1980’s, and my specialty back then was financing hotel-casinos. Several owners of those casinos knew Dingy. He was a “bag man” for all the mafia owned strip clubs, and dabbled in land deals with Joe Conforte.

A real low life.

[Liz]

REFERENCE--Subprime Scandal: The Angst Of FCIC chairman Phil Angelides / IBD Editorial
FR Posted 6/30 by Kaslin

Democrats thought they'd dammed up the truth about government's role in the financial crisis via Congress' Financial Crisis Inquiry Commission. But the levies are breaking, thanks to a spate of rogue new books on the subject.

The latest, "Reckless Endangerment," shreds the narrative carefully constructed by Democrats and the liberal media that Fannie Mae and Freddie Mac were only bit players in the crisis and followed Wall Street into subprime lending.

It details how the federally chartered mortgage giants in fact led the way in relaxing underwriting standards for the entire industry — thanks to relentless pressure from Democrats, who used them as off-budget piggy banks to fund their social crusade to boost minority homeownership (and shore up their voting base).

Though "Reckless Endangerment" largely repeats what conservative books like "The Great American Bank Robbery" and "The Housing Boom and Bust" have said, "Reckless" is written by a New York Times business writer.

=============================================

NOTE: Harry Reid now says he regrets naming fellow Democrat Byron Georgiou to the Financial Crisis Inquiry Commission. because of "ethical concerns" WRT Georgiou's tenure at the FCIC. "I wish I hadn't done it," Reid said. The Senate majority leader complained that Georgiou, one of six Democrats appointed to the 10-member panel, misled him about his affiliations.

Reid's sudden renouncement casts doubt on the FCIC's findings, which were released in its final report last January. The panel pinned the mortgage mess on Wall Street......when many savvy observers say Fannie and Freddy bore the responsibility.

more below

[ding_dong_daddy_from_dumas]

Several owners of those casinos knew Dingy. He was a “bag man” for all the mafia owned strip clubs, and dabbled in land deals with Joe Conforte.

We heard all about Hayworth's associations (Abramoff) from the media, but nothing about Reid.

[calcowgirl]

I recall an informative series of original articles about "Harry Reid’s Mob Money", written and posted here by Fedora back in 2006.

Good stuff:

Part 1: Mr. Cleanface’s Dirty Laundry
Original FReeper research | Posted on Friday, January 20, 2006 9:09:35 AM by Fedora

Part 2: Harry’s Henchman Rory Reid
Original FReeper research | Posted on Thursday, January 26, 2006 8:45:41 AM by Fedora

Part 3: The Aviator’s Droppings: Harry Reid, Steven Barringer, and Howard Hughes’ Legacy
Original FReeper research | Posted on Tuesday, February 14, 2006 11:41:08 AM by Fedora

Part 4: When Harry Met Blue Eyes: Reid and Sinatra
Original FReeper research | Posted on Wednesday, February 15, 2006 11:04:31 AM by Fedora

Part 5: Caught in the Searchlight: Hsu, Reid, and the Searchlight Leadership Fund
Original FReeper research | Posted on Thursday, September 13, 2007 12:59:08 PM by Fedora