I'm on a roll tonight and I haven't even started on oil prices yet.
Before I go off, let me be clear--I need more information on this subject before I draw any conclusions. Having said that, U.S. Senator Chris Dodd, D-Connecticut, reportedly received a "sweetheart" deal from Countrywide Financial Corp., one of the companies accused of fueling the subprime mortgage crisis.
It's not bad enough that Dodd is a public official. What makes this story potentially more explosive is the fact that he serves as the Chairman of the Senate Banking Committee--the very committee that oversees, in part, the banking industry.
Facts are this: Dodd has two homes, one in D.C. and one in his home state of Connecticut. One mortgage he received a rate of 4.25 and on the other he received a rate of 4.5. Now, I make a descent living, and I have good credit. No way in hell I'm getting a rate that low...ever. Ever.
In my opinion an investigation needs to be held into just how Dodd received these low-interest loans. During the day, Dodd is killing the industry and the administration, and faulting them for the current mortgage "crisis" in America. After work he goes and benefits from his relationships with the very companies he claims are robbing the American people blind?
If it's found to be true, Dodd needs to resign immediately. If he doesn't he needs to be removed from office and prosecuted to the fullest extent of the law. Read more at Portfolio.com--it's a good, detailed article and if half of it is true, it just goes to show how disgustingly hypocritical some of our "leaders" are. Sickening.
Where are Harry Reid and Nancy Pelosi? Hypocrisy at its worse.
--G
0 comments:
Post a Comment