Mar
19
2009
2

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?

Report Details Countrywide’s Efforts to Benefit VIPs

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.

[snip]

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. (more…)

Site by Neil Stevens | Theme by TheBuckmaker.com