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The Hughes Report
Wednesday, June 18, 2008
While Blaming Bush, Democrats Get Sweetheart Loans
Topic: Democrat Watch
In case you missed the major Democrat scandal that has only been nominally reported by the mainstream media:

Sen. Christopher Dodd of Connecticut, recent presidential candidate and current chairman of the Senate Banking Committee, has been exposed for accepting a preferential home loan from Countrywide Financial Corp.  In a carefully worded statement, Dodd said that he "did not seek or expect any favorable treatment.  Just like millions of other Americans, we shopped around and received competitive rates."

Also implicated is Sen. Kent Conrad of North Dakota, chairman of the Budget Committee.  He insisted, "If they did me a favor, they did it without my knowledge and without my requesting it."  However, Conrad placed a personal call to CEO Angelo Mozilo of Countrywide asking for the mortgage.  An internal memo from Mozilo indicates that the fact that Conrad is a senator cemented the deal.

Let us not forget about recent revelations of the preferential home loan given to presidential candidate Barack Obama, and his ties to Tony Rezko, recently convicted for improprieties, and Jim Johnson, recently dismissed from the campaign.  Other Democrats implicated in the "new" scandal include Clinton Administration operatives Alphonso Jackson, Donna Shalala, and Richard Holbrooke.

This is the Congress that took power in 2006 on the promise to "clean up Washington."

Sources:

http://www.msnbc.msn.com/id/25140560/
http://www.portfolio.com/news-markets/top-5/2008/06/12/Countrywide-Loan-Scandal
http://www.salon.com/wires/ap/2008/06/13/D919849G3_senators_vip_mortgages/print.html
http://online.wsj.com/article/SB121332396326070639.html?mod=special_page_campaign2008_topbox

Posted by hughes at 12:54 PM CDT

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