Senators got special low cost Countrywide loans

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

Countrywide CEO Mozilo personally ok’ed the loan terms too and the senators (and other politically connected people) received better deals than ordinary homeowners. How cozy. Some might even call it corrupt.

No Comments »

Comments RSS

Leave a Reply



Comments subject to deletion at whim of capricious webmaster. Disagreements are ok. Flames, trolls, and right-wing attacks are not. If your comment doesn't appear immediately, then moderation is on, thus there's no need to re-send it.

(However sometimes the anti-spam programs here go awry. Email us if your comments seem to vanish into the void.)