- BitsBlog - https://bitsblog.com -

The Pattern, And the Damage Done

Two U.S. senators, two former Cabinet members, and a former ambassador to the United Nations received loans from Countrywide Financial through a little-known program that waived points, lender fees, and company borrowing rules for prominent people.

Senators Christopher Dodd, Democrat from Connecticut and chairman of the Banking Committee, and Kent Conrad, Democrat from North Dakota, chairman of the Budget Committee and a member of the Finance Committee, refinanced properties through Countrywide’s “V.I.P.” program in 2003 and 2004, according to company documents and emails and a former employee familiar with the loans.

Thta’s from Portfolio, today. [1] Bolding is mine.

There does seem to be a pattern developing here, that I can’t quite put my finger on.
[/snark]

Other participants in the V.I.P. program included former Secretary of Housing and Urban Development Alphonso Jackson, former Secretary of Health and Human Services Donna Shalala, and former U.N. ambassador and assistant Secretary of State Richard Holbrooke

Lemme see now… Countrywide is he group that Obama was complaining about, and the reason Obama had to dump his VP serach advisor under the bus. The remainder, well, they fit the pattern rather well, also.

Kinda gives you pause about electing Democrats again, doesn’t it?