From the AP:
House Democrats have declined to subpoena available records that might reveal whether other members of Congress got discounted VIP mortgages from subprime lender Countrywide Financial Corp. similar to the sweetheart deals given Democratic Sens. Chris Dodd and Kent Conrad.
Republicans were willing to press for this even though it might expose members of their own party as receiving sweetheart deals.
And this is a shame because…
Despite their denials, influential Democratic Sens. Kent Conrad and Chris Dodd were told from the start they were getting VIP mortgage discounts from one of the nation's largest lenders, the official who handled their loans has told Congress in secret testimony.
Both senators have said that at the time the mortgages were being written they didn't know they were getting unique deals from Countrywide Financial Corp., the company that went on to lose billions of dollars on home loans to credit-strapped borrowers. Dodd still maintains he got no preferential treatment.
Knowing precisely what interest rate we were paying or fees we were on the hook for was not something we paid a whole lot of attention to either. Honestly, what's a point or two between "friends"?
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25 comments:
Hey reading legislation and mortgage contracts is for chumps. That's what we have lawyers for. That way, we take no personal responsibility.
Hugs and Kisses to all you little people,
Charlie, Chris, Kent, Johnny C. and the Gang
Not very plausible deniablity.
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