Kent Conrad

Defeating ObamaCare: The 12 Crucial DEMOCRAT Senators

Based on the Mortgage Cramdown vote, these Democrats are our best hope for beating ObamaCare.

1) Max Baucus (MT) - (406) 761-1574 - Senate Finance Committee Chair

2) Michael Bennet (CO) - (719) 328-1100

3) Robert Byrd (W. Va) - (304) 264-4626

4) Thomas Carper (DE) - (302) 856-7690

5) Byron Dorgan (ND) - (701) 852-0703

6) Tim Johnson (SD) - (605) 332-8896

7) Mary Landrieu (LA) - (337) 436-6650

8) Blanche Lincoln (AR) - (870)382-1023

9) Ben Nelson (NE) - (308) 631-7614

10) Mark Pryor (AR) - (501) 324-6336

11) Arlen Specter (PA) - 570-346-2006 - I Know; just think about how much fun it'll be when he stabs the Dems in the Back!!!

12) John Tester (MT) - (406) 365-2391

Honorable Mention - Evan Bayh (IN), Mark Begich (AK), Kent Conrad (ND), Bill Nelson (FL)

We can Beat this Thing!!!

I hope this helps.

Cahnman out.

House GOP asks for hearings on "Friends of Angelo" VIP program

Promoted. -Patrick

Twenty-eight members have signed onto a letter to Nancy Pelosi on members of Congress receiving preferential treatment in the "Friends of Angelo" program.

Thus, we demand that the House of Representatives undertake an investigation with open hearings to determine: (1) the validity of these charges, (2) whether the described practices were widespread, (3) the extent to which this scandal might have affected public policy, and (4) what steps might be necessary to assure the public that elected officials do not receive such preferential treatment in the future.

And later, they connect it to ordinary Americans:

At a time when millions of Americans are struggling to repay their mortgage debts while coping with $4/gallon gasoline and soaring foods prices, they will be outraged to learn that some Members of Congress may have personally profited from their official positions through secret sweetheart deals on their mortgages.

While the GOP house isn't exactly in order on corruption, the Democrats have traditionally put them to shame when it comes to shady backroom deals.  Democratic corruption was one of the paths to power for the GOP in 1994, and if we can get serious about our own ethics, we may yet again gain the high ground.

Countrywide Mortgage and Barack Obama

It didn't occur to Sen. Chris Dodd that VIP status at Countrywide mortgage for the Chairman of Senate Committee on Banking, Housing and Urban Affairs might be preferential treatment...

Sen. Chris Dodd on Tuesday denied any attempt to seek preferential treatment in the refinancing of two mortgages with Countrywide Financial Corp., while acknowledging that he was a VIP customer. But he said he didn’t think that meant he would get special treatment.

When Chris Dodd's Presidential campaign ended, he was rumored as a potential VP candidate for Barack Obama.  But Dodd declined.  Why? 

 "Who would want to be vice president?" Dodd chuckled. "I'd rather be chairman of the Senate Banking Committee.   

Indeed, sir. 

But it's not just Senator Dodd.   Countrywide Mortgage was also giving preferential treatment to Senator Conrad....who was just shocked to learn that a mortgage company might be giving preferential treatment to a US Senator on the Senate Finance Committee.

Senator Kent Conrad said he unknowingly received preferential terms on a mortgage from Countrywide Financial Group after he was unexpectedly put on the telephone with the company's chairman, Angelo Mozilo.

Let me point out a few dots that may connect here...

(1) Who said this about Chris Dodd

Chris Dodd has enormous capacity, intellectually. He has great experience. I think he has a good sense of politics, a good sense of the issues. And when the politics of differentiation really kicks in, he is going to have every chance in the world to say, “Here is why I am better.”

Former Obama VP vetter James Johnson, who had to resign after it was discovered that he got "loans worth $1.7 million from ... Countrywide Home Loans, through a special arrangement with the company’s CEO." 

(2) Where else does James Johnson show up? In the Kent Conrad “preferential treatment” story, putting Conrad in touch with the Countrywide CEO...

Conrad, a North Dakota Democrat, said he called his friend James Johnson in 2002 for advice on where to get a mortgage, and the former Fannie Mae chief happened to be with Mozilo. Conrad said Johnson handed the phone to Mozilo, and they talked for about 30 seconds without discussing the specifics of any loans.

Incidentally, at the time he was helping to facilitate preferential treatment for Senators, “Johnson was a consultant for Washington-based Fannie Mae, the largest mortgage-finance company..."

(3) Finally, let’s tie all the threads together.  Guess where James Johnson was last week?  Consulting with Sen. Conrad.  About Barack Obama’s VP candidate search.

 

Sen. Barack Obama's vice presidential search team on Tuesday shared with a Democratic senator the names of about 20 people under consideration to be the presumptive Democratic nominee's running mate. […]  Two of the three members of the search team, Jim Johnson and Eric Holder, came to Conrad's Capitol Hill office Tuesday morning for a "wide-ranging" and "free-form" meeting that lasted about 40 minutes, Conrad said.

 

 Among the names floated by the CNN story as “possible front-runners”….Chris Dodd.

Incidentally, Barack Obama had previously cited Countrywide as a contributor to the mortgage crisis.  That, apparently, is not the only thing to which Countrywide has been making contributions.  Indeed, Obama is positively surrounded by them.

Washington Post: Answers needed from Dodd and Conrad about Mozilo loans

A Friend in Need

Angelo Mozilo's loans to the well-connected raise some questions. They should be answered

 

http://www.washingtonpost.com/wp-dyn/content/article/2008/06/16/AR2008061602207.html

Need Money? Call Angelo Mozilo's political Money Store!!!

I remember well Phil Rizzuto's scream Need Money?..Call the Money Store! as a TV staple.

There's a new Money Store now, and it offers below-market rates to a handful of Democratic DC senators

http://www.portfolio.com/news-markets/top-5/2008/06/12/Countrywide-Loan-Scandal

Countrywide's Many 'Friends'

 


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Senators Dodd and Conrad are among the government officials who scored V.I.P. loans from C.E.O. Angelo Mozilo. An exclusive Portfolio investigation.

 
 
Most of the officials belonged to a group of V.I.P. loan recipients known in company documents and emails as “F.O.A.'s”—Friends of Angelo, a reference to Countrywide chief executive Angelo Mozilo. While the V.I.P. program also serviced friends and contacts of other Countrywide executives, the F.O.A.’s made up the biggest subset.
 
The article continues as to Dodd getting no points, no closing cost mortgages at 4.25% and 4.5%. I'm sure his position as Chairman of the Senate Banking Committee had nothing to do with this preferential treatment.
 
Excuse me while I list a bridge in Brooklyn for sale.
 
Dodd is a wonderful example of the career liberal officeholder. He mouths all the right words but doesn;t believe they should apply to him. And he thinks bombastic press releases will make up for the fact that when it came to dealing with the subprime mortgage debacle, Dodd's actual record resembles Nero/fiddle/Rome/burns.   
 
Early this year Dodd blamed Bush for the mortgage meltdown his friend Mozilo helped create
Dodd Defends Housing Plan, Blasts Bush
 
He decried "inaction" and claimed a $400 Billion plan to refinance failed mortgages wasn;t a bailout.
 
But why did things get this far. Because, look in the mirror, Chris, you did nothing all fall while running for President in a farcical pipe dream. Say what you want about Barney Frank, at least he wanted to get off the dime and do something last year before things got completely out of hand  http://www.washingtonpost.com/wp-dyn/content/article/2007/11/06/AR2007110602146.html it's not like the mortgage crisis emerged out of whole cloth , now, is it?
 
And who paid for Dodd's vacation in the Field of Pipe Dreams....yep...the same financial services firms he claimed to "oversee' as Banking Committee chairman  http://www.opensecrets.org/pressreleases/2007/PresidentialMoney.4.18.asp
 
So let's see. Dodd gets personal favors from mortgage insiders and tons of campaign cash. Then he leaves them alone for 2007 pretty much. And what do his friends like Mozilo do? Cash out! http://www.nytimes.com/2007/10/11/business/11land.html?ex=1349755200&en=3721caeaa6a9990a&ei=5088&partner=rssnyt&emc=rss 
 
Now having plundered the business. Mozilo and his top honchos have made a deal with Bank of America to sell the firm and many will keep their lucrative jobs. Some liberals have complained http://www.nypost.com/seven/01122008/business/mozilo_eyeing_76m_exit_from_bofa_914417.htm
but Dodd hasn;t, since his friend will get another $76 million on this deal.
 
Now Bank of America is getting skittish about this deal http://news.yahoo.com/s/nm/20080611/bs_nm/bankofamerica_dc but their Chairman is sticking with it.
 
Why?
 
Perhaps because if Dodd gets his mortgage bailout bill past Bush tens of billions of dollars of bad paper will magically move from BofA/Countrywide's balance sheet to the FHA's!
 
Get your own benefits, ignore a problem until its out of control, and then bail out the folks who made the mess with taxpayer's money.
 
And Dodd's response?
 
As a United States Senator, I would never ask or expect to be treated differently than anyone else refinancing their home. This suggestion is outrageous and contrary to my entire career in public service.
 
 
My dear Mr. Senator. What's outrageous is your dereliction of duty; your befriending of robber barons and your willingness to turn the keys to the treasury over to them.  And since your career in "public service" is replete with vacuuming in dough from the special interests and soaking the public with punitive taxes, what's so unusual about this one? 
 
The Dodd family has spend most of the past 60 years treating CT voters as the willing foils to their perpetual fiefdoms in Congress.  Hundreds of thousands of people are losing their own house to the likes of Countrywide. Maybe Chris Dodd ought to be evicted from the Upper House?
 
P.S. Will someone from ND mind explaining Kent Conrad's multimillion dollar beach house? 
 
 
 
 
 
 


 

 

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