Obama Continues to Feed the Culture of Corruption


It turns out, rather unsurprisingly, that Chris Dodd has been lying all this time about whether he knew he was getting preferential treatment from Countrywide:

 

WASHINGTON — Despite their denials, influential Democratic Sens. Kent Conrad and Chris Dodd were told from the start they were getting VIP mortgage discounts from one of the nation’s largest lenders, the official who handled their loans has told Congress in secret testimony.

Both senators have said that at the time the mortgages were being written they didn’t know they were getting unique deals from Countrywide Financial Corp., the company that went on to lose billions of dollars on home loans to credit-strapped borrowers. Dodd still maintains he got no preferential treatment.

Dodd got two Countrywide mortgages in 2003, refinancing his home in Connecticut and another residence in Washington. Conrad’s two Countrywide mortgages in 2004 were for a beach house in Delaware and an eight-unit apartment building in Bismarck in his home state of North Dakota.

The source for these claims is apparently one Robert Feinberg, who worked in Countrywide’s infamous “VIP section”.  As noted in the original story, the fact that Feinberg offered this testimony under oath to the Senate Ethics Committee indicates that the Committee is actively investigating both Dodd and Conrad.  So, let’s review the bidding on Dodd – he’s been lying for years about the value of his Irish cottage on his Senate financial disclosure forms, he originally came by said cottage at a bargain-basement price after helping the cottage’s co-owner obtain a pardon from President Clinton, he got preferential treatment from a company he was supposed to be regulating which ended up being at the center of the current financial meltdown (Countrywide), he’s been lying about his knowledge of that preferential treatment all along, and he is still basically selling access to his office to the highest bidding lobbyist.  Chris Dodd has become, without question, the apotheosis of corruption in a body with a long and storied history of corruption.

Chris Dodd would almost surely have been left for dead by now, primed to lose in the Democratic Primary.  There’s only one problem: President Obama is doing his best to keep Chris Dodd’s tenure in the Senate alive.  You know, Obama: the guy who was going to bring “Change” to Washington and put an end to “politics as usual.”  The very same Obama who has held numerous fundraisers since taking office for Dodd, the most crooked Senator in Washington, just because he needs Dodd’s help pushing pet legislation through the Senate. 

I will say this for Obama: he’s acting in a manner consistent with his behavior prior to taking office.  On the other hand, I can’t necessarily discern how this is different from the way Democrats have been doing it in Washington for decades.  Maybe we’ll see a difference if Conrad gets in trouble in ND, too.



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5 Comments Leave a comment

Of course he was lying.

NeoKong (Diary) Tuesday, July 28th at 8:52AM EST (link)

He sits on the Committee on Banking, Housing, and Urban Affairs and he was like ” All this mortgage stuff is so confusing. I just signed what they put in front of me. I had no idea I was getting a better than market deal.”
That would be like Ronald McDonald telling you he’s not sure how french fries are cooked.
You can always tell the level of respect that someone has for you by the quality of the lie they tell you.
When you get a cheap lie….well, you know the rest.

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"That would be like Ronald McDonald telling you

ender79 Tuesday, July 28th at 9:36AM EST (link)

he’s not sure how french fries are cooked.”

Or like Tim Geithner telling you he wasn’t sure how to prepare his taxes with TurboTax. Oh, wait…

 
 

The "Morality of Liberalism" and Voter I.Q.'s

Ausonius (Diary) Tuesday, July 28th at 9:03AM EST (link)

So why do such corrupt politicians like Dodd and Rangel etc. (assuming they are not also fixing election results) still have people voting them back into office?

a. Their constituents do not pay attention to the scandals and blindly vote for a party.

b. Their constituents are liberals who tolerate the corruption as an unfortunate necessity in the struggle for the greater good of an egalitarian, communistic society.

c. Their constituents are morons who believe the scandals are created by the Republican Attack Machine.

d. Well, you know what this choice is!

Ausonius: 310-395 A.D. Teacher, Poet, Consul, General, Farmer.

Personal Tutor to the future St. Paulinus of Nola and to young Gratian, heir to the throne during the turbulent final years of the Western Roman Empire. When his former student Gratian was assassinated, Ausonius threw up his hands and retired to his farm in Gaul. Rome was captured by barbarians 14 years after his death.

Cato@rock.com

 

Next question

erp Tuesday, July 28th at 10:44AM EST (link)

… he [Obama] needs Dodd’s help pushing pet legislation through the Senate..

Q. If he’s so corrupt (and he is) why is he influential enough to get other senators to do his bidding?

A. Because although there’s not a dime’s worth of difference among them, the dependably liberal states like Connecticut will elect the Democrat no matter how dirty he or she is. Other states with a more diverse electorate may occasionally toss out the dirt bags, so they have to be more circumspect.

erp

How Corrupt Morally Therefore Are Connecticut Dems?

Ausonius (Diary) Tuesday, July 28th at 11:02AM EST (link)

As I wrote above, this is the ultimate negative of ochlocracy: even the immoral are allowed to vote.

The corrupt will nominate and elect one of their as their candidate!

Their corruption is whitewashed as a higher morality: relativism on an inclined plane.

This is why some people pack up and move to Red States.

Ausonius: 310-395 A.D. Teacher, Poet, Consul, General, Farmer.

Personal Tutor to the future St. Paulinus of Nola and to young Gratian, heir to the throne during the turbulent final years of the Western Roman Empire. When his former student Gratian was assassinated, Ausonius threw up his hands and retired to his farm in Gaul. Rome was captured by barbarians 14 years after his death.

Cato@rock.com