It appears that Sen. Christopher Dodd is not only the recipient of an outrageous loan from Countrywide, he’s also hell bent on making us taxpayers bail his friends out. Now, as you can tell, I’m very much a proponent of the free market and my feelings on the mortgage situation is well documented on this site. What Dodd is doing here is utterly despicable.
In the first place, he sought out and received an improper loan from a corporation by using his political office as leverage, something for which he should be booted from office for in the first place. This is a man whom the hard left hailed as a hero during his short lived presidential campaign and it’s not surprising. In addition to unethical actions, he is now seeking to force responsible Americans to bail out irresponsible lenders and borrowers alike. This has nothing to do with fixing the housing market and has everything to do with a CYOA approach employed by Dodd. Read the whole aforementioned story by the Wall Street Journal, it’s sure to raise eyebrows.
How deep are the Democrats in the pockets and how dirty are they on this? Please reference the stories here and here, via Hot Air about Obama’s ties to Countrywide and his demonizing rhetoric on the company while at the same basking in their undying support, so much so that Dodd and the head of Obama’s VP search time both have filthy hands with regard to this scandal. A new type of politician indeed.