Thursday, June 4, 2009

The chickens have begun to return to the roost

Indeed, as foretold by Rev Wright, chickens WILL return to the roost.
Today, Countrywide's co-founder, Angelo Mozilo, the former chief executive of mortgage lender Countrywide Financial Corp, was charged with civil fraud.
They also charged two other company executives with civil fraud.

The Securities and Exchange Commission's civil lawsuit, filed in federal district court in Los Angeles, also accuses Mozilo of illegal insider trading.

Countrywide was right there in the middle of the sub-prime meltdown. They donated money to numerous democrats, and did exactly as Fannie Mae and Freddie Mac did for Barney Frank. They offered Chris Dodd, D-Conn.,and Kent Conrad, D- N. Dakota(and head of the Budget Committee) mortgages through a VIP program offered by Countrywide to folks that Countrywide considered "friends of Angelo."

"Dodd has insisted that the controversy over the two loans he received did not compromise his ability to lead Congress' efforts to address the effects of the subprime mortgage meltdown. He said he thought the VIP program referred to upgraded customer service and not reduced rates."

Sure, Mr. Dodd.
Have you seen your local papers, lately. The ones in Connecticut.Bet you have.
They were filling up with LTE's regarding your suitability to be in Congress. Only after some heavy-handed political leverage to the owners of those papers were the letters squelched, and people's First Amendment Rights had been trampled did those letters stop appearing.

You can attempt to bury your Murtha-like actions, but in the end, people will overrule your entitlement and remove you in your next election cycle. Get used to it.
The mainstream efforts of MSN, NBC and CBS won't be able to cover up the debacle that some high-placed democrats foisted on the people of this nation in an effort to continue their tenure in office.

People don't like self-absorbed "do-as-I-say, not-as-I-do" blowhards who ask them to do one thing, and then turn around and do the opposite. That's why I'm confident of a mid-term turnaround in Congress for the Republican persuasion.


kelley in virginia said...

monk, we are political twins separated at birth (except you are the better looking).

2010 elections should see gains for the Repubs. However, i'm not sure the entrenched Dems like Dodd or Harry Reid will suffer at the polls enough to lose.

the reason that i say this is because they control so much of the electorate thru pork barrel spending or, dare i say, corruption, that they will be able to squeak by.

Murtha is my gleaming example.

The Bulletproof Monk said...

First off, I blushed...again. You're too kind.
Now, to the business at hand. Dodd is not very popular in his home statedue to his large part in the fall of Fa Mae and Fr Mac. I was up there in November, and the papers were FULL of letters against Dodd, until their editors started dropping the letters and squashing anything that was viewed as anti-Dodd.
He may well be done. Murtha has certainly done himself in.