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Democrats Won’t Investigate Countywide “VIP” Loans in Order to Protect Chris Dodd

July 31, 2009

  The Democrats campaigned on being the party of open, honest, and transparent government. There were several scandals in the Republican party that Democrats were able to capitalize on which helped them regain power. They promised the American people that if they were elected they would usher in a new age of honest government.

  Their rhetoric doesn’t seem to match their actions so far. One needs to look no further than the scandals surrounding Dianne Feinstein, Charlie Rangel, Timothy Geithner, and John Murtha for proof of my statement. But I will look further, because there is more evidence that the Democrat party is not the party of open, honest, transparent government that they claimed to be.

  Democrats are refusing to subpoena the records of Countrywide Financial. There are two main reasons for this; those reasons are Kent Conrad and Chris Dodd. Two of their own have received Countrywide mortgages based on the “VIP” system.

  Countrywide Financial was made an example by Democrats of what is wrong with the mortgage companies, they were made a sacrificial lamb offered up by the Democrats and painted as a major culprit in the mortgage meltdown.

  But Countrywide also had a “VIP” program called the “Friends of Angelo,” (Angelo being the CEO of Countrywide at the time), if you were a “friend of Angelo” you got preferential treatment on your mortgage. Both Kent Conrad and Chris Dodd were “friends of Angelo” and they both indeed got preferential treatment on mortgages. Both men claim that they did not realize being a “friend of Angelo” meant that they received preferential loan treatment.

  And now Democrats are refusing to subpoena records that may show us exactly what these men knew. Coincidence? I think not! How convenient is it for the Democrats to just let Countrywide off the hook? How open and honest is that?

  If Democrats truly wanted to be the open and honest party they would subpoena these records regardless of which party might be hurt but I guess protecting the party is more important that being open and honest.

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9 Comments leave one →
  1. Ron Russell's avatar
    July 31, 2009 8:25 pm

    Liberals and Democrats have what I call the Herd Mentality and will do anything to protect one of the herd. Conservatives on the other hand are more individualists(like the mountain lion) and think we each are responsible for our own actions. This is the difference.

    Like

    • Steve Dennis's avatar
      August 1, 2009 4:57 am

      I agree with that. Democrats always seem to flock to the defense of one of their own where Republicans, for the most part, take the opposite approach.

      Like

  2. TexasFred's avatar
    July 31, 2009 8:30 pm

    Of course they’re protecting him, and now it’s going to be even more protection.. Prostate cancer is a bitch..

    I honestly don’t begrudge Sen. Dodd the treatment he needs, I just want him to wake up and realize that his ideas of ObamaCare, and the treatments that it would approve, are NOT treatments that you and I would receive at the same age and in our lesser stations in life.

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    • Steve Dennis's avatar
      August 1, 2009 4:58 am

      Agreed. I wonder if Dodd would be willing to go on the public option to receive his treatment.

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  3. TexasFred's avatar
    August 1, 2009 12:47 pm

    The elites in DC have no inclination to go on the *public* option, that’s for those of a lesser station in life, us, the ‘little people’…

    What’s that I smell in the air?? Smells like… REVOLUTION!!

    Like

    • Steve Dennis's avatar
      August 2, 2009 7:25 am

      If the public option was so good the politicians would volunteer to switch to it but they put themselves high above us.

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  4. joe from new hampshire's avatar
    August 2, 2009 1:06 am

    Dodd’s “effectiveness” factor would probably be to low to even be allowed to get the care he needed if the system was already “reformed” and he had to abide by it. Way to expensive for an old codger like him. Here Chris, take these pills for pain for the rest of your short life, OR have a stiff drink and take these tiny little killer pills here and save yourself a lot of long, drawn-out agony. How’s that healthcare reform going for you now, you bleeding heart liberal???!!!

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    • Steve Dennis's avatar
      August 2, 2009 7:30 am

      Somehow I don’t think that Obama was talking about Chris Dodd when he claimed that sometimes an aspirin was the best treatment, or that there are good hospice outfits out there.

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  5. joe from new hampshire's avatar
    August 2, 2009 5:23 pm

    Oh, I know. THEY will still have their own special health care. Only us Average Americans will have what they are cooking up now.

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