Tuesday, July 28, 2009

Dodd Lied, The Economy Died

Dodd, Conrad told deals were sweetened

WASHINGTON (AP) - Despite their denials, influential Democratic Sens. Kent Conrad and Chris Dodd were told from the start they were getting VIP mortgage discounts from one of the nation's largest lenders, the official who handled their loans has told Congress in secret testimony.

Both senators have said that at the time the mortgages were being written they didn't know they were getting unique deals from Countrywide Financial Corp., the company that went on to lose billions of dollars on home loans to credit-strapped borrowers. Dodd still maintains he got no preferential treatment.

Dodd got two Countrywide mortgages in 2003, refinancing his home in Connecticut and another residence in Washington. Conrad's two Countrywide mortgages in 2004 were for a beach house in Delaware and an eight-unit apartment building in Bismarck in his home state of North Dakota.
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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."

Referring to Dodd, the investigator asked:

"And do you know if during the course of your communications" with the senator or his wife "that you ever had an opportunity to share with them if they were getting special VIP treatment?"

"Yes, yes," Feinberg replied.


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I think the first question I have is, why the Hell were these hearings secret? There were no state secrets discussed here. This was to attempt to protect a Democratic Senator who is in deep doo-doo in his state and is facing a steep re-elction bid next year.

And no nonsense about ethics hearings being done behind closed doors, that's an excuse, not a reason. This is a new era of openness in government. Nancy Pelosi drained the swamp. I know he's a Senator, he was not in Pelosi's swamp (there's no room), but the Dems came in promising a new day in both chambers. Well we have it.

Finally, there is the obvious, these Senators were taking bribes while the economy was tanking.

I personally believe that this should be a matter for the Justice Department not the Senate. But, then again, that fate is only reserved for Bush lawyers who had the audacity to try to keep us safe.

11 comments:

Brooke said...

"Both senators have said that at the time the mortgages were being written they didn't know they were getting unique deals from Countrywide Financial Corp..."

OK, I'm going to say the obvious... Did they not even read the paperwork before they signed it?

Oh, wait. They do that all the time on the job. Ugh.

Leslie said...

The habit of signing things (voting for things) etc. without reading them runs rampant with senators...so does, it seems, unlawful behavior, cheating and down right lies. But is anyone surprised?

This is an event that should be brought out in the open. It will now be the responsibility of conservatives in Connecticut and North Dakota to raise awareness about both these senators and their actions.

The danger of 2010 may be: having too broad of a view... Conservatives in each state need to raise awareness about congressional candidates among the voting public in their districts. If everyone can get focused, a chance of flipping the congress is available.

DaBlade said...

It's ok for these dems to get crooked preferential deals on their mortgages, but it is criminal for McCain's wife to own 8 homes with legal mortgages.

Z said...

Chuck, I had to come by and tell you how funny I thought your line at T.C.'s was...You are THE funniest...thanks for the giggle (remember; those dead cops who ran into voters last year!?) Ya, leave it to ME to laugh at 'dead cop' jokes when I'm a huge fan of our police and fire? well, the line was extremely smart, anyway! Thanks.

Re: THIS? SHOCKING! SAY IT AIN'T SO! (right?)

I HOPE this thing gets out in the open; You all realize, of course, that the media hides things as well as they possibly can lately to protect all of THE ONE's side; sometimes they have to mention things, but then it's gone.
How many times do YOU think they showed CNN's Don Lemon's excellent interview with the 2 Cambridge Black cops saying they'd not vote for Obama again? If that had been against Bush, CNN would use it for its bumpers, masthead, and every ad, right?

Z said...

DaBlade..just saw your comment now,we posted about the same time:

Do you guys EVER stop being THAT MUCH MORE CLEVER AND FUNNY THAN I? STOP IT, you're giving me a COMPLEX! What a GREAT point, DB. :-)

Chuck said...

Brooke, maybe I should have not read mine, maybe I would have gotten a better deal

Leslie, it is getting out slowly. Dodd is in trouble. You are right though, the balls in the GOP's court.

DaBlade, you keep forgetting, she's a Republican. Only Dems like Dodd, Conrad, and Obama can get special treatment

Z, thanks, your giving me a big head. I remember the post at Leslie's. I was afraid it would be seen as poor taste (not intended that way).

The one thing the Dims have to worry about is the internet. Videos like these go viral and get viewed over and over.

MK said...

"But, then again, that fate is only reserved for Bush lawyers who had the audacity to try to keep us safe."

Off course Chuck, that's the way it is with the left, the more destructive, the more they'll support it.

Always On Watch said...

OUTRAGE!

This is oligarchy!

LomaAlta said...

Nice post Chuck.

Questions for you.
1) Are any of the top Democrats honest or all they all crooks?
2) Since when do Democrats suffer for their crimes? Any examples?

cube said...

It is outrageous how our "free" press has abondoned our country's principles. They are helping these crooks get away with the fleecing of the American taxpayer.

Chuck said...

MK and AOW, agreed

LomaAlta, I think one we would be hard pressed toi find an honest politician irregardless of orientation

Cube, think it would be an issue if it were a Repub