Lawmakers got loan deals from Countrywide

[koalabear]

Fannie Mae was responsible for purchasing a large volume of Countrywide's subprime mortgages. Countrywide was taken over by Bank of America in January 2008, relieving the financial services industry and regulators from the messy task of cleaning up the bankruptcy of a company that was servicing 9 million U.S. home loans worth $1.5 trillion at a time when the nation faced a widening credit crisis, massive foreclosures and an economic downturn.


http://www.msnbc.msn.com/id/4808134...kers-got-loan-deals-countrywide/#.T_YG7HDvZIt

 

[NeverEndingMe]

well, you can also read about it here

http://forum.literotica.com/showthread.php?t=817186

chris dodd was the worst after all, that vile tard wrote the regulation


corruption at its finest, democrat chris dodd

 

[koalabear]

both parties seem to have gotten loans.

Among those who received loan discounts from Countrywide, the report said, were:

Former Senate Banking Committee Chairman Christopher Dodd, D-Conn.
Senate Budget Committee Chairman Kent Conrad, D-N.D.
Mary Jane Collipriest, who was communications director for former Sen. Robert Bennett, R-Utah, then a member of the Banking Committee. The report said Dodd referred Collipriest to Countrywide's VIP unit. Dodd, when commenting on his own loans, has said he was unaware of the discount program.
Rep. Howard "Buck" McKeon, R-Calif., chairman of the House Armed Services Committee.
Rep. Edolphus Towns, D-N.Y., former chairman of the Oversight Committee. Towns issued the first subpoena to Bank of America for Countrywide documents, and current Chairman Darrell Issa, R-Calif., subpoenaed more documents. The committee said that in responding to the Towns subpoena, Bank of America left out documents related to Towns' loan.
Rep. Elton Gallegly, R-Calif.
Top staff members of the House Financial Services Committee.
A staff member of Rep. Ruben Hinojosa, D-Texas, a member of the Financial Services Committee.
Former Rep. Tom Campbell, R-Calif.
Former Housing and Urban Development Secretaries Alphonso Jackson and Henry Cisneros; and former Health and Human Services Secretary Donna Shalala. The VIP unit processed Cisneros' loan after he joined Fannie's board of directors.
Rep. Pete Sessions, R-Texas, was an exception. He told the VIP unit not to give him a discount, and he did not receive one.
Former Fannie Mae heads James Johnson, Daniel Mudd and Franklin Raines. Countrywide took a loss on Mudd's loan. Fannie employees were the most frequent recipients of VIP loans. Johnson received a discount after Mozilo waived problems with his credit rating.

 

[NeverEndingMe]

Among those who received loan discounts from Countrywide, the report said, were:

Former Senate Banking Committee Chairman Christopher Dodd, D-Conn.
Senate Budget Committee Chairman Kent Conrad, D-N.D.
Mary Jane Collipriest, who was communications director for former Sen. Robert Bennett, R-Utah, then a member of the Banking Committee. The report said Dodd referred Collipriest to Countrywide's VIP unit. Dodd, when commenting on his own loans, has said he was unaware of the discount program.
Rep. Howard "Buck" McKeon, R-Calif., chairman of the House Armed Services Committee.
Rep. Edolphus Towns, D-N.Y., former chairman of the Oversight Committee. Towns issued the first subpoena to Bank of America for Countrywide documents, and current Chairman Darrell Issa, R-Calif., subpoenaed more documents. The committee said that in responding to the Towns subpoena, Bank of America left out documents related to Towns' loan.
Rep. Elton Gallegly, R-Calif.
Top staff members of the House Financial Services Committee.
A staff member of Rep. Ruben Hinojosa, D-Texas, a member of the Financial Services Committee.
Former Rep. Tom Campbell, R-Calif.
Former Housing and Urban Development Secretaries Alphonso Jackson and Henry Cisneros; and former Health and Human Services Secretary Donna Shalala. The VIP unit processed Cisneros' loan after he joined Fannie's board of directors.
Rep. Pete Sessions, R-Texas, was an exception. He told the VIP unit not to give him a discount, and he did not receive one.
Former Fannie Mae heads James Johnson, Daniel Mudd and Franklin Raines. Countrywide took a loss on Mudd's loan. Fannie employees were the most frequent recipients of VIP loans. Johnson received a discount after Mozilo waived problems with his credit rating.

I agree. all these people should do some jail time and never be allowed to practice law, nor should they be allowed to enter role in "public" office

their political career should be over, they should be allowed to pass out campaign stickers

 

[loquere]

Shame!

 

[Liar]

I agree. all these people should do some jail time and never be allowed to practice law, nor should they be allowed to enter role in "public" office

their political career should be over, they should be allowed to pass out campaign stickers

Dodd's poltical career is already over. He's the RIAA's shill now. Remember SOPA?

 

[NeverEndingMe]

Dodd's poltical career is already over. He's the RIAA's shill now. Remember SOPA?

yet he's still sucking down tax payer money. just like seanH, we need to make addicts quick cold turkey. dodd should give 5 million dollars back to uncle sam, so that uncle obama can blow it on some stupid entitlement program