Thursday, October 30, 2008

Democrats got sweetheart mortgage rates from Countrywide

NBC News does an honest-to-God investigation of Democrats!? Wow, what a concept, journalism. The investigation is of Countrywide, a leading mortgage lender, who gave sweetheart home mortgage rates to big shots, all of whom have since claimed they had no idea they were getting a better deal than the average Joe. Really? Not true, NBC learned.

Amanda Carpenter at Townhall.com gives the highlights:
A former Countrywide executive who worked close with CEO Angelo Mozilo said the politicians who got under the table deals on their mortgages "absolutely" knew they were getting the discounts because of their influential political position.

Among those who received sweetheart deals were Democratic Sen. Chris Dodd, Sen. Kent Conrad and former Fannie Mae CEO's James Johnson and Franklin Raines.

Before this scandal broke, Johnson was leading Barack Obama's vice presidential vetting team and Dodd was considered to be a VP contender.

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