More Dumb Politicians
Posted by Ray on October 24, 2009 under Main | 
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The “Friends of Angelo” strikes again and the self righteous do-gooder Democrats still maintain that this V.I.P. program from Countrywide was no big deal. Look, the Republicans are no better and bear as much responsibility as anyone else for this mess, but at least they are not pretending that they did nothing wrong, well to the degree that the Democrats are. So far the Friends of Angelo program has caught up Senator Chris Dodd, Senator Kent Conrad and now, apparently, Representative Edolphus Towns all who got mortgages through Countrywide all with the special code identifying them as being part of the Friends of Angelo program.
Now, to assume there are no special favors associated with the Friends of Angelo program would be making the same assumption as the Sun revolves around the Earth, it simply can’t be true. Rep. Towns says that this V.I.P. program, only available to politicians, HUD officials and Fannie, had no special features other than faster processing times is just plain stupid, there I said what every other newspaper wanted to say, but can’t. Are we simply dumb enough to believe that mortgage companies offer, as Representative Towns claims, a “frequent flier” type programs for mortgages? Listen, Mr. Politicians, the average American, which we are well aware that you think you are not, get 1 mortgage during their lifetime, 1, so to assume there is any type of frequent mortgage program for people is laughable at best.
I know, the “ethics” committee cleared Senators Dodd and Conrad, of course they did, have you met an ethical politician yet? It’s a freaking joke, the numbers were right there in Dodd’s case he saved $75K over the life of his mortgage because the interest payments were reduced to magically attractive levels. I know math is not Washington’s strong point, but they could have called in TurboTax Timmy to run them for him, well maybe he isn’t the best person, but still Wall Street owes Washington a favor or two so they could send a bean counter up to sort out the problem.
Anyhow, Rep. Towns is so sure he is innocent that when Rep. Issa called hearings on this issue he and all the other Democrats walked out the backdoor like a bunch of 5 year olds, and that is insulting to my 5 year old. Instead, Rep. Towns threw his spokesperson to the wolves and is avoiding the issue altogether which about sums up or representatives in Washington. Now, here is what she says:
“He went to his local mortgage guy and got a normal mortgage,” she said. “The guy’s from Brooklyn and doesn’t have much money and wasn’t prominent enough to be considered a V.I.P. Whether it was later transferred through the V.I.P. program, I don’t know. But he didn’t receive any favors.”
Seriously? Not a guy with a lot of money? How does a guy with not a lot of money afford a home in Brooklyn and in Hillsborough County, Fla.? Rep. Towns also wants to get to the bottom of all of this fraud so badly that he will not even subpoena Countrywide, why? Because he knows a lot of unflattering material will come back, maybe not about him, but perhaps some other people, hint, hint Senators. Perhaps maybe some other potentially embarrassing names may pop up as well that are new to the game, for the love of God, Barney Frank forgot to file a $107K bank account in his annual financial statement.
The bottom line is this, we are not stupid and we know that our politicians are bought and paid for by big business. We know they looked the other way while they sold bad loans to people, but the citizens need to take some responsibility as well. If you made $800 a week you should have known that under no circumstances could you afford a $500K house. However, Congress is making an ass out of itself by chasing ghosts because if you want to catch the real crooks you need to get a panel of real people, like me, with Bernie Madoff leading the charge, hey hate him all you want, but you need a crook to catch a crook, and let’s go after every politician who screwed up. After we are done, I move to pardon Bernie and make him Fed Chairman or Treasury Secretary because the man knows how to keep a Ponzi Scheme going and that’s what the US needs long-term.
So, go on Rep. Towns, Sen. Dodd, Sen. Conrad and get your deals with Countrywide and pretend you did nothing wrong. Pretend that you did not know what V.I.P. meant, you are either incredibly stupid or you are lying, I will flip a coin because it is about a 50/50 shot at this point, but either way you gotta go! I think we have all just about have had enough of the BS from Washington. We wanted change and we got, I don’t even know what we got anymore.
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