The fact that Chris Dodd rushed legislation to bail out Countrywide and BofA, before holding hearings on how Countrywide and the REIC got the US into this mess in the first place, is not only corrupt it's immoral.
Watch this video and you'll get a better sense of the systemic mortgage fraud that infected the US these past few years, starting with greedy unethical mortgage brokers willing to do anything for a commission, and ending on Angelo Mozilo's doorstep.
I'd love to see guys like this testifying in front of Congress, under oath, about what they knew, when they knew it and who was in on the Big Scam.
I'd love to see current and former Countrywide employees grilled.
And eventually, you just know all of it will lead to The Kingpin himself, The Godfather, Mr. Angelo Mozilo.
June 29, 2008
Here's a beaten-down mortgage broker in Las Vegas that'll walk you through the Countrywide-led Late Great Mortgage Ponzi Scheme
Posted by blogger at 6/29/2008