Let's not kid ourselves, this is the Democrats, not Republicans here who are to blame. These socialists (except when it comes to lining their own pockets!) have damn near ruined our Nation! Barney Frank, Franklin Raines, Maxine Waters, Chris Dodd, the list goes on, and they are all Socialist Democrats! Hell, even Bill Clinton admitted it:
"I think the responsibility that the Democrats have, may rest more in resisting any efforts by Republicans in the Congress, or by me when I was president, to put some standards and tighten up a little on Fannie Mae and Freddie Mac."
On Tue, Dec 6, 2011 at 4:10 PM, plainolamerican <plainolamerican@gmail.com> wrote:
the Justice Department's failure to investigate Wall Street, crony----
corporatism, and
Countrywide
ah ... the good old days when you could sell a loan package with
almost no regulations
On Dec 6, 12:43 pm, Bruce Majors <majors.br...@gmail.com> wrote:
> Last night's *60 Minutes* featured a truly shameful story on the Justice
> Department's failure to investigate Wall Street, crony corporatism, and> <http://4.bp.blogspot.com/-MNDpxK_MzvI/Tt5gDKHYUyI/AAAAAAAAAqw/WM0pKa_...>
> Countrywide. Steve Kroft pretended to be investigating while not asking
> the Obama Justice Department lackeys (former Clinton administration
> lackeys) ANY pointed questions at all. One wonders if he got slapped
> around for asking Nancy Pelosi about her insider trading profits a few
> weeks back and was told to make atonement.
>
>> scandal<http://en.wikipedia.org/wiki/Countrywide_financial_political_loan_sca...>
> He was skewered for it today for an hour by radio host Chris Plante on DC's
> WMAL (which is usually rebroadcast on the weekend, since I can't find it
> for you on-line). But all one need do is repair to Wikipedia (George Soros
> has not bought it yet) to find that everyone from Nancy Pelosi's son to
> Congressman James Clyburn to former Senator Chris Dodd to many other
> Clinton and Obama hireling were given favorable loan terms for keeping the
> party going:
>
> "Friends of Angelo (FOA)" VIP program
>
> Further information: Countrywide financial political loan
>> Portfolio<http://en.wikipedia.org/wiki/Conde_Nast_Portfolio> reported
> In June 2008 Conde Nast
> that several influential lawmakers and politicians, including Senate> Banking Committee <http://en.wikipedia.org/wiki/Senate_Banking_Committee>
> Chairman Christopher Dodd
> <http://en.wikipedia.org/wiki/Christopher_Dodd>, Senate
> Budget Committee <http://en.wikipedia.org/wiki/Senate_Budget_Committee>
> Chairman Kent Conrad <http://en.wikipedia.org/wiki/Kent_Conrad>, and Fannie
> Mae <http://en.wikipedia.org/wiki/Fannie_Mae> former CEO Jim
> Johnson<http://en.wikipedia.org/wiki/James_A._Johnson_(businessman)>,
> received favorable mortgage financing from Countrywide by virtue of being> "Friends of Angelo."[13]<http://en.wikipedia.org/wiki/Angelo_Mozilo#cite_note-Countrywide.27s_...>
> [14]<http://en.wikipedia.org/wiki/Angelo_Mozilo#cite_note-CFC_Friends_Loan...>
>> Connecticut homes. Michael Moore's*Capitalism: A Love Story* shows on film
> Senator Dodd received a $75,000 reduction in mortgage payments from
> Countrywide at allegedly below-market rates on his Washington, D.C. and
> that this was actually over a million dollars of a sweet-heart mortgage> deal.[13]<http://en.wikipedia.org/wiki/Angelo_Mozilo#cite_note-Countrywide.27s_...>
> [15]<http://en.wikipedia.org/wiki/Angelo_Mozilo#cite_note-Dodd_Angelo.27s_...>
> Dodd> charges.[16]<http://en.wikipedia.org/wiki/Angelo_Mozilo#cite_note-deal-15>
> nonetheless called for stronger regulation of mortgage lenders and proposed
> that predatory lenders should face criminal
>> Jackson<http://en.wikipedia.org/wiki/Alphonso_Jackson>,
> Clinton Jones III, senior counsel of the House Financial Services
> Subcommittee on Housing and Community Opportunity, and "an adviser to
> ranking Republican members of Congress responsible for legislation of
> interest to the financial services industry and of importance to
> Countrywide." was given special treatment. Jones is now state director for
> federal residential-mortgage bundler Freddie Mac. Alphonso
> acting secretary of HUD at the time and long time friend and Texas neighbor> apiece, Franklin Raines <http://en.wikipedia.org/wiki/Franklin_Raines>,
> of President Bush, received a discounted mortgage for himself and sought
> one for his daughter. "In 2003, using V.I.P. loans for nearly $1 million
> Fannie Mae's chairman and C.E.O. from 1999 to 2004, twice refinanced his> theater."[16]<http://en.wikipedia.org/wiki/Angelo_Mozilo#cite_note-deal-15>
> seven-bedroom home, which has a pool and movie
>
> Speaker of the House Nancy Pelosi<http://en.wikipedia.org/wiki/Nancy_Pelosi>'s
> son, Paul Pelosi, Jr., also received a loan with Countrywide. Barbara> Boxer<http://en.wikipedia.org/wiki/Barbara_Boxer>
> , Adam H. Putnam <http://en.wikipedia.org/wiki/Adam_H._Putnam>, Richard C.
> Holbrooke <http://en.wikipedia.org/wiki/Richard_C._Holbrooke>, James E.
> Clyburn <http://en.wikipedia.org/wiki/James_E._Clyburn>, and Donna
> Shalala<http://en.wikipedia.org/wiki/Donna_Shalala> are
> also among those with mortgages from Countrywide.> CBS News <http://en.wikipedia.org/wiki/CBS_News> has obtained the following
>
> list of then-Fannie Mae <http://en.wikipedia.org/wiki/Fannie_Mae> employees
> whose names have been turned over to investigators as having received VIP> loans from Countrywide:[17]<http://en.wikipedia.org/wiki/Angelo_Mozilo#cite_note-16>
>
> - Sandra Adams: Fannie Mae Account Associate
> - Nitirwork Armstrong: Fannie Mae Director
> - Gregg Ayres: Fannie Mae Customer Acct Manager
> - Jeffrey Baker: Fannie Mae Business Analyst
> - Ingrid Beckles: Freddie Mac VP Default Mgmt
> - Cherry Billings: Fannie Mae Asst to CEO
> - Christine Buckley: Fannie Mae Sr Assistant
> - Sharon Canavan: Fannie Mae Govt Relations/Lobbyist
> - Delynn Conley: Fannie Mae Underwriter
> - Carla Corpuz: Fannie Mae Senior Underwriter
> - Tanguy De Carbonnieres: Fannie Mae Legal Counsel
> - Bernard Deane: Fannie Mae Director
> - Mollie Dougherty: Fannie Mae Sr Business Manager
> - Roy Downey: Fannie Mae Director
> - Cynthia Fatica: Fannie Mae Legal Counsel
> - Jamie Gorelick <http://en.wikipedia.org/wiki/Jamie_Gorelick>: Fannie
> Mae Vice Chair
> - Lizbeth Grant: Fannie Mae Director Tec/Secondary Mkt
> - Greta Hamilton: Fannie Mae Manager/Home Loans
> - Lester Handy: Fannie Mae Consultant
> - James Johnson: Fannie Mae Chairman and CEO
> - Jack King: Fannie Mae Manager
> - Karen King: Fannie Mae Credit Risk manager
> - Gerald Langbauer: Freddie Mac VP Sales
> - Derek Lowe: Fannie Mae Technician/Home Loans
> - Mary Lee Moriarity: Fannie Mae Sr Underwriter Consult/Lending
> - Daniel Mudd: Fannie Mae Vice Chair and COO
> - Paulette Porter: Fannie Mae Sr Proj Mgr/Mtg Securities
> - Alan Quirion: Freddie Mac Director
> - John Radwanski: Freddie Mac Sr Port Director
> - Franklin Raines: Fannie Mae Chairman and CEO
> - Robin Ramsay: Fannie Mae Customer Acct Manager
> - Rebecca Rosena: Fannie Mae Credit Risk manager
> - Irwin Rosenstein: Fannie Mae Ass. General Counsel
> - Robert Sanborn: Fannie Mae Vice President
> - William Shirreffs: Fannie Mae Director
> - Joseph Silva: Fannie Mae Servicing Portfolio Manager
> - Donna Simpson: Fannie Mae Customer Acct Manager
> - Michelle Sorensen: Fannie Mae Sr Business An/Mortgage
> - Mary Ann Staley: Fannie Mae Marketing Dir
> - Deborah Kay: Tretler Fannie Mae VP Risk Management
> - Kirk Willison: Freddie Mac VP Trade Relations/Dir Industry Relations
> - David Yoon: Fannie Mae Acct Associate
>
> [edit<http://en.wikipedia.org/w/index.php?title=Angelo_Mozilo&action=edit&s...>
> ]
>
> <http://2.bp.blogspot.com/-45R7KdcmwD8/Tt5gLym7lsI/AAAAAAAAAq4/aRHymb8...>
--
Thanks for being part of "PoliticalForum" at Google Groups.
For options & help see http://groups.google.com/group/PoliticalForum
* Visit our other community at http://www.PoliticalForum.com/
* It's active and moderated. Register and vote in our polls.
* Read the latest breaking news, and more.
--
Thanks for being part of "PoliticalForum" at Google Groups.
For options & help see http://groups.google.com/group/PoliticalForum
* Visit our other community at http://www.PoliticalForum.com/
* It's active and moderated. Register and vote in our polls.
* Read the latest breaking news, and more.
No comments:
Post a Comment