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WASHINGTON (AP) - Despite their denials, influential Democratic Sens. Kent Conrad and Chris Dodd were told from the start they were getting VIP mortgage discounts from one of the nation's largest lenders, the official who handled their loans has told Congress in secret testimony.
Asked by a House investigator if Conrad, the North Dakota senator, "was aware that he was getting preferential treatment?" Feinberg answered: "Yes, he was aware."
Referring to Dodd, the investigator asked:
"And do you know if during the course of your communications" with the senator or his wife "that you ever had an opportunity to share with them if they were getting special VIP treatment?"
"Yes, yes," Feinberg replied.
Friends of Angelo at Countrywide. This should help with Dodd's poll numbers in Connecticut.
WASHINGTON (AP) — The House Republican campaign chairman, Rep. Pete Sessions of Texas, has been notified that he received a discounted mortgage from the former Countrywide Financial Corp.
Sessions' spokeswoman, Torrie Miller, confirmed that the congressman was told that records show he received the discounts through Countrywide's VIP program.
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Sessions becomes the fourth House member — and third Republican — whose records were sent to the House Ethics Committee for further investigation. The ethics panel will likely investigate whether the lawmakers received improper gifts and whether they performed any favorable actions for the lender. The four were notified by the House Oversight Committee.
(Reporting by JoAnne Allen; editing by Anthony Boadle and Jackie Frank)
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WASHINGTON (Reuters) - The chairman of the House Financial Services Committee, Spencer Bachus, who oversees the U.S. banking and financial services industries, is under investigation for possible violation of insider trading laws, The Washington Post reported on Thursday.
The Office of Congressional Ethics began investigating Bachus, an Alabama Republican, late last year after focusing on a number of suspicious trades on his annual financial disclosure form, the Post reported, citing sources familiar with the case.
(Reporting by JoAnne Allen; editing by Anthony Boadle and Jackie Frank)
I think this is going to play out where congress passes a weak bill and Bachus is going to be the fall guy. They will drag him into a committee find him guilty give him a slap on the wrist or he will resign. I wonder if his district is heavy {R} and thus safe. If so he would be the perfect fall guy.
Location: Democratic Peoples Republic of Redneckistan
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Quote:
Originally Posted by Swingblade
I think this is going to play out where congress passes a weak bill and Bachus is going to be the fall guy. They will drag him into a committee find him guilty give him a slap on the wrist or he will resign. I wonder if his district is heavy {R} and thus safe. If so he would be the perfect fall guy.
I think this is going to play out where congress passes a weak bill and Bachus is going to be the fall guy. They will drag him into a committee find him guilty give him a slap on the wrist or he will resign. I wonder if his district is heavy {R} and thus safe. If so he would be the perfect fall guy.
He's on his 10th term and hasn't even faced an opponent from an opposing party for the last four elections.
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Dodd's corruption goes back decades
Very intelligent post 
