FRONT PAGE CONTRIBUTOR
Hi, Senator Kent Conrad (D-ND). Enjoying your Countrywide mortgage?
You know, the one that’s just like the ones that your fellow Democrat Chris Dodd (D-CT) got?
WASHINGTON — – Executives at Countrywide Financial, one of the biggest names of the housing boom, routinely violated internal company policies to provide below-market rates on home loans to the politically connected and powerful, according to a congressional report to be released Thursday.
Recipients of special loans included senators and other officials, prominent businessmen, congressional aides, celebrities and journalists, including Sen. Kent Conrad, D-N.D., former U.N. ambassador Richard Holbrooke, former Department of Housing and Urban Development Secretary Alphonso Jackson, Jackson’s daughter and others.
Via Jeff Goldstein.
Not much to add at the moment – except that I felt that it was vitally important to remind you that nothing ever goes away on the Internet. Right now, Chris Dodd and his Magical Irish Cottage is sucking out a lot of oxygen in the room… but that won’t last forever, and once he’s gone we’ll be ready to address our concerns with everyone else from the Other America who seems determined to avail him or herself of the privileges denied to the members of mine.
And you’re on that list. And Countrywide’s absolutely adamant about the point that everybody on that list knew that they were on that list. And, trust me: we’re not going to forget about this in a hurry. Don’t confuse ‘slow’ with ‘not going to happen.’ Dodd did, and look what’s happening to him.
Crossposted to Moe Lane.