June 19, 2008

SUBPRIME SIX UPDATE: A massive sweetheart deal for the mortgage industry, sponsored by a "friend of Angelo." If you put this in a novel, people would call it heavy-handed.

UPDATE: The view from Chris Dodd's home state. "He says he thought the VIP treatment he got from Countrywide Financial was just because he was a good customer, and not because he was a United States Senator who chairs the senate banking committee. It appears some people in Connecticut are having a hard time buying that." Video at the link.