AP: Dodd, Conrad Knew They Were Getting VIP Mortgages

by Stephan Tawney on Mon, Jul 27, 2009

The Associated Press reports that Sens. Chris Dodd (D-Conn) and Kent Conrad (D-ND) lied when they plead ignorance following the revelation that they had received sweetheart mortgage deals from Countrywide.

WASHINGTON (AP) – 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.

Robert Feinberg, who worked in the Countrywide’s VIP section, told congressional investigators last month that the two senators were made aware that “who you know is basically how you’re coming in here.”

“You don’t say ‘no’ to the VIP,” Feinberg told Republican investigators for the House Oversight and Government Reform Committee, according to a transcript obtained by The Associated Press.

I know, you’re shocked that two upstanding individuals would dare lie to their constituents and the American people at large. Democratic members of Congress lying about their role in the financial crisis and connections to major players in said crisis? Say it ain’t so!

Democrats promised a new era of transparency, ethics, and responsibility when they asked the American people to trust them last November. All President Obama and his Congressional cronies brought, however, were the same-old lies, cover-ups, and the-buck-stops-elsewhere policies. We weren’t surprised, of course, but the American people were lied to.

Thanks to Michelle Malkin.

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