https://redstate.com/moe_lane/2010/10/14/dick-blumenthals-countrywide-problem/feed/Conservative News & Politicsen-usWed, 10 Jun 2026 15:53:49 -0400<![CDATA[It&#8217;s not often that you&#8217;ll see a conservative site link approvingly to a Nation article, but these are odd days.  The executive summary: in 2008 Countrywide Financial/Bank of America &#8211; yes, the same Countrywide that gave sweetheart loans to Senator Dodd of Connecticut, who completely non-coincidentally decided not to run for re-election this year &#8211; entered into a 8.6 billion dollar settlement with those of its borrowers currently in financial trouble.  The Nation has a variety of opinions &#8211; generally unfavorable, to put it mildly &#8211; on how well that settlement is working; but the part of the article that should really be drilled down from our point of view is the bit about how this is all being paid for.  You see, in that announcement Blumenthal indicated &#8220;This settlement will cost BofA as much as $8.6 billion, but no cost, not a dime, to taxpayers.&#8221;]]>Thu, 14 Oct 2010 19:00:47 -0400<![CDATA[Moe Lane]]>https://redstate.com/moe_lane/2010/10/14/dick-blumenthals-countrywide-problem-n36627