Posted by Tina
Much fanfare accompanies even the slightest hint of impropriety when Republicans are involved but rarely is much made of democrats who are caught in nefarious goings on.
Just for fun, and I admit to tweak Libby a bit, here are three articles that place Democrats and MONEY in the corruption spotlight
From the July National Review print edition, page six “The Week”:
“The principle author of the Dodd-Shelby housing bill is Senator Christopher Dodd, a Connecticut Democrat who chairs the Senate Banking Committee. Portfolio magazine has revealed that Dodd was one of two U.S. Senators who benefitted from Countrywide Financial’s “Friends of Anhgelo” program (named for CEO Angelo Mozilo), under which Countrywide, the largest mortgage lender in the U.S., gave loans to the influential and powerful. ** …the preferential loan rates Dodd received will end up saving him $75,000.00 The troubling nature of this arrangement becomes clear when one looks at the fine print of the Dodd-Shelby housing bill, which would allow mortgage lenders to dump their most radioactive subprime loans on the government. The bill is overwhelmingly slanted to protecting lenders, such as Countrywide, that lowered their standards dramatically during the housing boom and subsequently found themselves holding a lot of bad debt….”
Is Dodd sent to his room or banned for life for this infraction? Nope hes rewarded with an even sweeter possible offer:
WASHINGTON – Barack Obama’s presidential campaign has requested information from Democratic Sen. Chris Dodd as part of its search for a possible vice presidential candidate. – AP
***
While aggressive evictions are making rent-stabilized apartments increasingly scarce in New York, Representative Charles B. Rangel is enjoying four of them, including three adjacent apartments in a sprawling penthouse overlooking Upper Manhattan, courtesy of one of New Yorks premier real estate developers. Mr. Rangel, the powerful Democrat who is chairman of the House Ways and Means Committee, uses his fourth apartment, six floors below, as a campaign office, despite state and city regulations that require rent-stabilized apartments to be used as a primary residence. – New York Times
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