June 14, 2008

HousingPANIC Quote of the Day

"Make an exception due to the fact that the borrower is a senator"

- Angelo Mozilo, making sure powerful Democratic Senator Kent Conrad, chairman of the Senate Budget Committee, got the "Angelo VIP Special Deal", after Sen. Conrad called him personally to ask for favors on a $1 million mortgage, April 2004

11 comments:

Peahippo said...

This is all a lot worse than the S&L and dotcom investment swindles, since there is virtually ZERO interest by law enforcement to look into ANY of this. Mozilo will never see any jail time. And now we see a US Senator owes him a direct favor (as if most of the Senate WASN'T fully behind Mozilo and his type of financial crook). So Keith, face facts. Mozilo got clean away with it all. The taypayer is going to be saddled with a lot of the debts. And the US economy will crash and crash HARD as a result of it all. The entire plan to destroy the middle class and make the US into a new form of Mexico is working just fine. If I were you, I'd make sure I was armed and had friends that would help me bury a body or two.

Anonymous said...

Karl has writeup about this. Read it and the comments also.

http://www.tickerforum.org/cgi-ticker/akcs-www?post=48418

Anonymous said...

If they were Republicans, Conrad and Dodd would be pushed from office by a relentless media assault. Being Democrats, this will be a non-story in 3-5 days. Trent Lott (R)--career essentially ended over a comment. Robert Byrd (D)Ex-Klansman who subseqently used the "N" word--still in office.

DOPES said...

THAT'S NOTHING LIKE THE 110% FINANCING, CASH BACK, NO PAYMENTS FOR 9 MONTHS UNTIL FORECLOSURE, JINGLE MAIL DEAL THAT JOE SIX PACK GOT FROM THE ORANGE DUDE...

DOPES!!!

Anonymous said...

Now this is some change I can believe in!

Anonymous said...

It's OK because they were Democrats and we all know that Democrats are good people who care about the common working man.

BananaRepublicrat said...

$1 million! Was he buying a one-bedroom condo in Compton?

Anonymous said...

To Anon 3:48: I am democrat and this story, if true, really repulses me. This Senator should resign and lose his home along with his pride.

And I also want to know what proof Keith has saying that Chris Dodd is on the take? In one minute you post headlines made by Dodd that take Lender's to task and the next you claim he is on the take? For your credibility as a blogger Keith, back up your statements more often would ya!

As for us Democrats, what separates us from Republicans is that we have a conscience so when a colleague gets caught doing something detrimental to the good of the country, we clear them out of the job. But you have to PROVE the accusation first. And if Rush, Hannity, or another Republican lap dog says it then we laugh and know that it is made up garbage. I've always wondered how you could call yourselves the "Moral Majority" and listen to the likes of these kinds of people? Geez, they are scourge!Hello they lie like dogs and you lap up what they say! Where's the moral part of this?

Do It NOW said...

Jail, Prison. All of them.

Do it Now.

Anonymous said...

He belongs to your man Obama.

Anonymous said...

It's a breach of the public trust and he should be executed. Same for the orange one, but only after all of his ill gotten gains are disgorged. The Senator should have to return his salary and his family pay for his execution.