Sweetheart mortgages and bankrupt GSEs

With Larry Margasak reporting:

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.

I tend to doubt Dodd is on the ballot in November 2010. As Ironman reminded me, the former Senator Bob Torricelli (D-North Korea) clearly demonstrated that political parties can pull a switch-a-roo up until the last possible moment - party primaries be damned.

Here's an excerpt of Sam Caligiuri's comments:

The people of Connecticut deserve better than to have to continually deal with the "don't say no to the VIP" mentality that has plagued Connecticut in the past and clearly plagues us with Chris Dodd today. Connecticut deserves no less than a full and open investigation of this matter. Nothing short of complete transparency will bring to light the real facts surrounding this ongoing scandal involving Chris Dodd and his sweetheart mortgage deals.

I agree. And I'd be proud to have Sammy as my next US Senator.

And in other Senate 2010 news, I think there's going to be a bit of fun on August 7. My fellow Paulistas are organizing an August 7 money bomb for Peter Schiff. Check out this five minute video that offers reasons for both firing Dodd and hiring Schiff.



Tim White