“No Man’s life liberty or property is safe while the legislature is in session”.

- attributed to NY State Judge Gideon Tucker

Monday, August 23, 2010

More Congressional Deception Re: Countrywide Sweetheart Loans

It's recently been revealed that the Senate Democrats, in a parting gift to Chris Dodd, the resigning Democrat from Connecticut, covered up just how many sweetheart mortgage loans he received as a "Friend of Angelo" Mozillo.

It's been known for some time that Dodd and Kent Conrad received such loans, though both continually denied knowing so.

Now, it's become public that Dodd received, according to the Wall Street Journal,

"as many as six VIP loans, including refinancings, from Countrywide Financial, not just the two in 2003 that triggered the investigation."

We apparently won't know whether Kent Conrad was similarly favored, because the ethically-challenged Republican Senate leadership made a deal to submarine any more details of the Countrywide VIP program.

As much as many of us loathe the Democrats in Congress, this deal makes it clear why we also have plenty of that hatred left for Mitch McConnell and John Boehner, too.

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