This scandal is getting scant attention by the mainstream media but it appears that Chairman of the US Senate Budget Committee U.S. Senator Kent Conrad (D-ND) got a sweetheart deal from the mortgage firm Countrywide. This scandal comes as a blow to Conrad who has always campaigned on his ethics and honesty. I guess Kent Conrad is just like every other Washington politician!
According to news reports Conrad, appears to have changed his story numerous times about his ties to the CEO of Countrywide and the kickbacks he received on his mortgage.
Fellow Democrats Byron Dorgan (D-ND) and Chris Dodd (D-CT) are caught up in the same scandal.
North Dakota’s finest political blog, sayanythingblog, has been on top of this scandal since it broke. I encourage you to read each of these posts and become informed.
The Case for Kent Conrad’s Resignation
Conrad Doesn’t Even Beleive His Own Story About How He Got His Mortgage
Kent Conrad Friend of Angelo
Kent Conrad Changes His Story on the Mortgage Scandal AGAIN
Did Kent Conrad’s VIP Loan Violate Senate Ethics Rules?
Senators as Confused, Victimized Borrowers?
Kent Conrad’s Countrywide Mortgage Deceptions Making National News
More on Kent Conrad’s VIP Loan from Countrywide Mortgage CEO Angelo Mozilo
Kent Conrad Lies About Never having Met Angelo Mozilo
Kent Conrad Benefits from Unethical “Sweatheart” Loan Deal From Subprime Lender
The story has gotten some attention on Fox News. This clip is courtesy of sevenload.com
Link: sevenload.com
This just proves that you do not need to be from a big state to have politicians with ethical lapses in judgment.
