Tuesday, March 24, 2009

Countrywide memos detail VIP loans to Democrats

Now we can see the juicy details of the Countrywide sweetheart loans to various Democratic politicians... Rep. Darrell Issa (R-CA) releases a report titled "Countrywide's Systematic and Successful Effort to Buy Influence and Block Reform" which contains emails and memos about these mortgage deals.

Here's an excerpt from the Washington Times:
Countrywide's CEO Angelo Mozilo granted sweetheart mortgages to a number of influential lawmakers including Connecticut Democrat Chris Dodd, who is chairman of the Senate Banking Committee, and Democratic Senator Kent Conrad of North Dakota. E-mails obtained by government investigators show Countrywide employees often discussed the political influence wielded by "Friends of Angelo" as grounds for granting the discounts.
Seriously, some of these Democrats need to just resign and pick a different career! They're already cozy with the banks and mortgage companies, why not find a job there?

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