XDTalk Forums - Your XD/XD(m) Information Source!                      

Go Back   XDTalk Forums - Your XD/XD(m) Information Source! > Non-Firearms Related > The Political View
XDTalk Memberships Gold Sponsorships XDTalk Sponsors XDTalk Pro Logo Shop Photo Gallery Wiki ChatBox

Reply
 
LinkBack Thread Tools Display Modes
Old 06-17-2008, 10:10 AM   #1
XDTalk 10K Member
 
yeahYeah's Avatar
 
Join Date: Apr 2008
Location: Vegas
Posts: 14,964
Angry Democrats: You bad, evil banks!!! Now, give us home loans!!!!

US Govt Officials, Senators got “special” deals on Countrywide loans Sidetalk

Quote:
Too bad the rest of us don’t qualify. Countrywide gave the Chairman of the Senate Banking Committee a special mortgage with, among other things, no points and no fees. These high profile government officials just happened to be on the “FOA” list at Countrywide, i.e., Friends of Angelo (Mozillo), Countrywide CEO. Was this corruption? The Justice Department should open an investigation pronto and prosecute anyone who broke laws. The problem may be that pesky FOA list - are there sensitive DOJ names on it?
Here’s what we know - so far - about the favors Dodd took from Countrywide. The tally:
–Dodd borrowed $506,000 to refinance his Washington townhouse,;
– Dodd borrowed $275,042 to refinance a home in East Haddam, Connecticut;
– Countrywide waived three-eighths of a point, or about $2,000, on the Washington DC loan;
– Countrywide waived one-fourth of a point, about $700, on the CT loan;
–Countrywide gave Dodd a FOA interest rate on the Washington DC loan of 4.25%, which translates to a $58,000 break to Dodd;
– Countrywide gave Dodd a nother FOA interest rate on the CT loan of 4.5% which translates to a $17,000 break to Dodd;
– Countrywide gave Dodd’s campaign at least $21,000 to Dodd’s campaigns.
The story as broken by Portfolio:
“Two U.S. senators, two former Cabinet members, and a former ambassador to the United Nations received loans from Countrywide Financial through a little-known program that waived points, lender fees, and company borrowing rules for prominent people.
Senators Christopher Dodd, Democrat from Connecticut and chairman of the Banking Committee, and Kent Conrad, Democrat from North Dakota, chairman of the Budget Committee and a member of the Finance Committee, refinanced properties through Countrywide’s “V.I.P.” program in 2003 and 2004, according to company documents and emails and a former employee familiar with the loans.
Other participants in the V.I.P. program included former Secretary of Housing and Urban Development Alphonso Jackson, former Secretary of Health and Human Services Donna Shalala, and former U.N. ambassador and assistant Secretary of State Richard Holbrooke. Jackson was deputy H.U.D. secretary in the Bush administration when he received the loans in 2003. ”
If these were republicans doing this, it would be all over the news.
__________________
MOΛΩN ΛABÉ

"I have sworn upon the alter of God, eternal hostility against every form of Tyranny over the mind of man"
~ Thomas Jefferson


The path to enlightenment is littered with bodies of the ignorant.
  Share
yeahYeah is offline  
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote
Old 06-17-2008, 11:25 AM   #2
XDTalk 1K Member
 
Join Date: Feb 2008
Location: Ten Mile TN
Posts: 1,390
Quote:
Originally Posted by yeahYeah View Post
US Govt Officials, Senators got “special” deals on Countrywide loans Sidetalk



If these were republicans doing this, it would be all over the news.
Dodd is not the only D that got special treatment from Countrywide. Yep, not even a blip on the MSM.....Same guys that are now trying to help Countrywide....
__________________
XD 40 Service

If you don't Stand behind our Troops,
Please feel free to Stand in front of our Troops.
One Big Azz Mistake America
  Share
FLSTFI Dave is offline  
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote
Old 06-17-2008, 11:51 AM   #3
XDTalk 10K Member
 
yeahYeah's Avatar
 
Join Date: Apr 2008
Location: Vegas
Posts: 14,964
look into Fannie Mae - its like a bank for the democrats...run by democrats and Countrywide is very active with FM.
__________________
MOΛΩN ΛABÉ

"I have sworn upon the alter of God, eternal hostility against every form of Tyranny over the mind of man"
~ Thomas Jefferson


The path to enlightenment is littered with bodies of the ignorant.
  Share
yeahYeah is offline  
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote
Reply

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is On
Trackbacks are On
Pingbacks are On
Refbacks are On




All times are GMT -5. The time now is 04:54 PM.


Powered by vBulletin® Version 3.8.1
Copyright ©2000 - 2009, Jelsoft Enterprises Ltd.
Content Relevant URLs by vBSEO 3.1.0

XDTalk is a subsidiary of Crossbreed Holsters, LLC