Thursday, July 5, 2012

Great read on how corrupt BOTH parties really are

Lawmakers got loan deals from Countrywide

How is it that even though Dems and Reps are on this list the mindless trilobites who "claim" they are for and actually accepted by a particular party will still blame the other.
Will our population ever realize party names are just a way to keep the voting public fighting each other over non sense and not looking at real issues?

here is the list of corrupt officials who took bribe loans in case you don't want to read through the article

Among those who received loan discounts from Countrywide, the report said, were:
  • Former Senate Banking Committee Chairman Christopher Dodd, D-Conn.
  • Senate Budget Committee Chairman Kent Conrad, D-N.D.
  • Mary Jane Collipriest, who was communications director for former Sen. Robert Bennett, R-Utah, then a member of the Banking Committee. The report said Dodd referred Collipriest to Countrywide's VIP unit. Dodd, when commenting on his own loans, has said he was unaware of the discount program.
  • Rep. Howard "Buck" McKeon, R-Calif., chairman of the House Armed Services Committee.
  • Rep. Edolphus Towns, D-N.Y., former chairman of the Oversight Committee. Towns issued the first subpoena to Bank of America for Countrywide documents, and current Chairman Darrell Issa, R-Calif., subpoenaed more documents. The committee said that in responding to the Towns subpoena, Bank of America left out documents related to Towns' loan.
  • Rep. Elton Gallegly, R-Calif.
  • Top staff members of the House Financial Services Committee.
  • A staff member of Rep. Ruben Hinojosa, D-Texas, a member of the Financial Services Committee.
  • Former Rep. Tom Campbell, R-Calif.
  • Former Housing and Urban Development Secretaries Alphonso Jackson and Henry Cisneros; and former Health and Human Services Secretary Donna Shalala. The VIP unit processed Cisneros' loan after he joined Fannie's board of directors.
  • Rep. Pete Sessions, R-Texas, was an exception. He told the VIP unit not to give him a discount, and he did not receive one.
  • Former Fannie Mae heads James Johnson, Daniel Mudd and Franklin Raines. Countrywide took a loss on Mudd's loan. Fannie employees were the most frequent recipients of VIP loans. Johnson received a discount after Mozilo waived problems with his credit rating.
The report said Mozilo "ordered the loan approved, and gave Johnson a break. He instructed the VIP unit: 'Charge him 1/2 under prime. Don't worry about (the credit score). He is constantly on the road and therefore pays his bills on an irregular basis but he ultimately pays them.'"

1 comment:

  1. what do you think it will take for the people of this country to come togather and make a stand and make the changes by whatever means to create equal justice and means ? when will the people stand for what this sad state this countrys in. the $th of july has meaning,yet few stand for little in its meaning,but sit back and enjoy the dry reheming with content. wheres the fury ?,wheres true justice ?,what is enough stealing and repression that will make the people act and stop whining ?


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