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  #1 (permalink)  
Old 07-27-2008, 12:12 PM
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Default They ALL must be answer for this BS

If your law maker isn't involved, have him or her demand accountabily!.

This is just one part of the article.............


The Portfolio article reported that former Countrywide Financial loan officer Robert Feinberg stated that he personally spoke with Senator Dodd and Senator Conrad about their special mortgage deals. It also noted the existence of e-mail traffic between Mr. Feinberg and former Countrywide CEO Angelo Mozilo on the subject of VIP loans and notes that Mr. Feinberg is in possession of “stacks of documents about the VIP operation.”

Complete article....

http://emac.blogs.foxbusiness.com/20...99s-vip-loans/
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Old 07-27-2008, 12:50 PM
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Just drop the 'be'
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Old 07-27-2008, 02:14 PM
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Our honest ABE Mr. Dodd stil has not come clean on his loan. And now he blames the banks and loan company's for the mess-- BUT isn't he a chairman on the banking comittee.
IT STINKS LIKE HELL yet the other idiots in Ct will reelect him!!
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Old 07-27-2008, 11:34 PM
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It's a complex called NIMBY;
Not In My Back Yard.
We hate all the idiots in Congress...except the ones WE keep sending back!
And the NY Times had an expose revealing that it wasn't called a VIP file....It was 'FOA'---"Friends Of Angelo"
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Old 07-28-2008, 06:36 AM
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Quote:
Originally Posted by 427 S/O View Post
If your law maker isn't involved, have him or her demand accountabily!.
Our lawmaker is the problem.
http://isakson.senate.gov/press/2008/072608housing.htm

Johnny Isakson legislates like a democrat although we elected him on the Republican ticket.

Quote:
This is not a bailout for those two institutions. It is an insurance policy that's good for this economy and good for this country.”
I disagree Senator. Before you were elected to your Senate seat, you made a fortune in the real estate business. You are bailing out your friends in the real estate business.

You are bailing out two bureaucratic government GSE's. You are bailing out stupid people that overleveraged their personal balance sheets. You are bailing out real estate speculators. You are bailing out overleveraged banks and hedge funds.

And the conservative taxpayer will pay the bill.
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Old 07-28-2008, 07:47 AM
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Who but the taxpayers ever pays for any of their stupid ideas. And I just wonder how much of that money they will get in kick backs of one kind or another. They should also give up their pay raises and other perks for a couple of years to help the cause.

Ron
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Old 07-28-2008, 08:06 AM
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95, I know!, fired off an email condemning his vote with reasons why. Most of the people applying for those loans 'lied like a dog' on their net worth or income. I also fault the loan officers for not confirming.
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Old 07-28-2008, 08:46 AM
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You got to love this...nothing we are going to do about it, but...you got to love it.

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