More Democrats involved in financial scandal

[reality_hammer]

More "shocking" news: even more Democrats involved in the Countrywide/IndyMac financial scandals.
Countrywide Financial Corp., the biggest U.S. mortgage lender, made large, previously undisclosed home loans to two additional executives of Fannie Mae, the government-chartered firm at the center of the U.S. credit crisis

Comments

[quirkytizzy]

McCain had his hands in the Fannie Mae jar, too...right up until last month.

http://www.nytimes.com/2008/09/22/us/politics/22mccain.html?em

http://www.nytimes.com/2008/09/24/us/politics/24davis.html?hp

[reality_hammer]

Hiring someone whose company was paid by Fannie Mae to perform a service isn't "involved in a scandal".

Hope this helped!

If it did, it would make every Democrat a criminal suspect.

[quirkytizzy]

Hiring a group that gives you money to your own campaign is a service.

Certaintly, at least, a service to McCain.

Anyhow, I don't really want to start a rollin' fight (especially considering it was I who crashed your journal), I just thought that your headlines deserved a bit of a good turn is all.

It's good to see people involved in the process of politics, no matter what side of the fence they are on.

[reality_hammer]

How is someone heading a company for a few years prior to his employ with McCain a service to McCain?

Is your past employer endorsing your current one? That's an interesting stance to take.

[quirkytizzy]

John McCain’s campaign manager Rick Davis received regular payments from the failed mortgage company Freddie Mac from the year 2000 up until August 2008,

http://www.amconmag.com/blog/2008/09/24/for-mccain-a-pain-in-the-fannie-may-be-just-the-beginning/

Granted, it's been roughly a month since August, and it may be the reason that why Fannie Mae is a "former employee" is because it went *bankrupt*, but still, I'd hardly call that far enough into the past....

[reality_hammer]

That is factually incorrect, as noted even in that article. Really, if you believe everything that is printed in the NY Times you'll spend a lot of your life being wrong.

Try again. :)

[quirkytizzy]

I've left my reading glasses somewhere, perhaps I'm just not seeing where it states in that article that it was incorrect.

And while I don't believe everything *just* in the NY Times (surely you watch alot of Fox News and are a regular enthusiast of the Bill O'Reilly Show?), I do believe what several articles from several major publications say, and they back up the fact that McCain also had, as I said earlier, "his hand in the Fannie Mae" jar.

All being said and done, it was nice talking to you and I hope I didn't get too rude. I've been known to do that on occassion - something I'm working on. (that and my spelling, but first things first, I suppose!)

Despite being on the oppisite side of the fence, it really was the fact that I simply don't see many conservatives on Livejournal that caught my attention towards your blog.

Thanks!

[reality_hammer]

The facts: He ran a company, he was not a lobbyist. He has not run that company since 2005.

Hope this helps! And as for the "fannie mae cookie jar", I hope you enjoy this: