Knowledge

Countrywide Financial political loan scandal

Source 📝

23: 44: 150:
reported that Franklin Raines had "taken calls from Barack Obama's presidential campaign seeking his advice on mortgage and housing policy matters." However, Raines and the Obama campaign both allege that Raines has never advised Obama. See
115: 346: 22: 251: 522: 389: 234: 322: 517: 43: 435: 107:(R-CA), House Financial Services Committee), who has received $ 37,500 since 1989. Dodd has advocated that the federal government, through the 144:, who was also an adviser to then-Democratic presidential candidate Barack Obama, had received loans from Countrywide. On July 16, 2008, 282: 460: 79:
because the corporation placed the officeholders in a program called "FOA's"--"Friends of Angelo", Countrywide's Chief Executive
103:
had made large donations to Dodd's campaign. The largest recipient of campaign contributions from Countrywide, though, was Rep.
75:
reported that numerous Washington, DC politicians over recent years had received mortgage financing at noncompetitive rates at
485: 507: 532: 527: 502: 200: 178: 258: 393: 219: 512: 141: 108: 231: 414: 300: 191:
On January 18, 2011, Conrad announced that he would not run for re-election in 2012, but would retire.
167: 100: 181:(CAGW) named Dodd its June 2008 "Porker of the Month" for accepting a preferential mortgage deal from 439: 368: 158:
On 18 June 2008, a Congressional ethics panel started examining allegations that Democratic Senators
552: 84: 30: 152: 124: 92: 51: 173:
Dodd has faced criticism for his role in this scandal from Connecticut's largest newspaper, the
542: 537: 182: 104: 76: 72: 118:
Franklin Raines, then Chairman and Chief Executive Officer of Fannie Mae, on July 31, 2002
8: 547: 146: 68:
in 2008-2009 involved U.S. politicians who allegedly received favorable mortgage rates.
276: 296: 174: 159: 88: 33: 83:. The politicians extended such favorable financing included the chairman of the 238: 137: 111:, insure up to $ 300 billion in refinanced mortgages for distressed homeowners. 162:
of Connecticut (the sponsor of a major $ 300 billion housing rescue bill) and
496: 232:
Countrywide's Campaign Contributions Weren't Loans, But They Were Investments
185:
which stands to benefit from a mortgage bill he is pushing through Congress.
80: 114: 188:
On January 6, 2010, Dodd announced that he would not run for re-election.
163: 96: 54: 166:
of North Dakota received preferential loans by troubled mortgage lender
133: 369:"Ethics panel examines lawmakers' Countrywide loans | Politics" 461:"For critics and supporters alike, Dodd a master of the Senate" 129: 436:"Citizens Against Government Waste: porkerofthemonth" 177:as well as from the Connecticut Republican party. 494: 301:"Countrywide Friends Got Good Loans - WSJ.com" 99:(D-ND). The article also noted Countrywide's 523:Political controversies in the United States 366: 323:"On the Outside Now, Watching Fannie Falter" 66:Countrywide financial political loan scandal 113: 518:Political scandals in the United States 479: 295: 495: 486:Sen. Conrad (D-N.D.) Won't Run in 2012 320: 281:: CS1 maint: archived copy as title ( 417:. The Everyday Republican. 2008-06-22 13: 222:Conde Nast Portfolio, 12 June 2008 14: 564: 179:Citizens Against Government Waste 91:(D-CT), and the chairman of the 42: 21: 453: 428: 128:on 6 June 2008 that two former 407: 382: 360: 339: 314: 289: 244: 225: 213: 109:Federal Housing Administration 1: 392:. Courant.com. Archived from 241:OpenSecrets.org, 18 June 2008 207: 508:United States housing bubble 415:"Courant Finally Dings Dodd" 321:Huslin, Anita (2008-07-16). 220:Countrywide's Many 'Friends' 7: 367:John Poirier (2008-06-19). 194: 10: 569: 438:. Cagw.org. Archived from 168:Countrywide Financial Corp 101:political action committee 533:2009 in the United States 528:2008 in the United States 503:Subprime mortgage lenders 390:"Sen. Dodd's Negligence" 85:Senate Banking Committee 31:Senate Banking Committee 125:The Wall Street Journal 93:Senate Budget Committee 52:Senate Budget Committee 513:Congressional scandals 119: 183:Countrywide Financial 117: 77:Countrywide Financial 442:on November 11, 2009 73:Conde Nast Portfolio 147:The Washington Post 122:It was reported by 465:Danbury News Times 327:washingtonpost.com 237:2008-11-18 at the 120: 467:. January 6, 2010 297:Simpson, Glenn R. 201:Friends of Angelo 560: 488: 483: 477: 476: 474: 472: 457: 451: 450: 448: 447: 432: 426: 425: 423: 422: 411: 405: 404: 402: 401: 386: 380: 379: 377: 376: 364: 358: 357: 355: 354: 343: 337: 336: 334: 333: 318: 312: 311: 309: 308: 303:. Online.wsj.com 293: 287: 286: 280: 272: 270: 269: 263: 257:. Archived from 256: 248: 242: 229: 223: 217: 175:Hartford Courant 160:Christopher Dodd 153:Raines and Obama 142:James A. Johnson 89:Christopher Dodd 50:Chairman of the 46: 34:Christopher Dodd 29:Chairman of the 25: 568: 567: 563: 562: 561: 559: 558: 557: 553:Bank of America 493: 492: 491: 484: 480: 470: 468: 459: 458: 454: 445: 443: 434: 433: 429: 420: 418: 413: 412: 408: 399: 397: 388: 387: 383: 374: 372: 365: 361: 352: 350: 345: 344: 340: 331: 329: 319: 315: 306: 304: 294: 290: 274: 273: 267: 265: 261: 254: 252:"Archived copy" 250: 249: 245: 239:Wayback Machine 230: 226: 218: 214: 210: 197: 138:Franklin Raines 62: 59: 58: 47: 38: 37: 26: 12: 11: 5: 566: 556: 555: 550: 545: 540: 535: 530: 525: 520: 515: 510: 505: 490: 489: 478: 452: 427: 406: 381: 359: 349:. Politico.com 347:"Politico.com" 338: 313: 299:(2008-06-07). 288: 243: 224: 211: 209: 206: 205: 204: 196: 193: 61: 60: 49: 48: 41: 39: 28: 27: 20: 17: 9: 6: 4: 3: 2: 565: 554: 551: 549: 546: 544: 543:2009 scandals 541: 539: 538:2008 scandals 536: 534: 531: 529: 526: 524: 521: 519: 516: 514: 511: 509: 506: 504: 501: 500: 498: 487: 482: 466: 462: 456: 441: 437: 431: 416: 410: 396:on 2008-07-14 395: 391: 385: 370: 363: 348: 342: 328: 324: 317: 302: 298: 292: 284: 278: 264:on 2008-06-26 260: 253: 247: 240: 236: 233: 228: 221: 216: 212: 202: 199: 198: 192: 189: 186: 184: 180: 176: 171: 169: 165: 161: 156: 154: 149: 148: 143: 139: 135: 131: 127: 126: 116: 112: 110: 106: 102: 98: 94: 90: 86: 82: 81:Angelo Mozilo 78: 74: 71:In June 2008 69: 67: 56: 53: 45: 40: 35: 32: 24: 19: 18: 16: 481: 469:. Retrieved 464: 455: 444:. Retrieved 440:the original 430: 419:. Retrieved 409: 398:. Retrieved 394:the original 384: 373:. Retrieved 362: 351:. Retrieved 341: 330:. Retrieved 326: 316: 305:. Retrieved 291: 266:. Retrieved 259:the original 246: 227: 215: 190: 187: 172: 157: 145: 123: 121: 70: 65: 63: 15: 164:Kent Conrad 97:Kent Conrad 55:Kent Conrad 548:Chris Dodd 497:Categories 471:January 6, 446:2010-02-27 421:2010-02-27 400:2010-02-27 375:2010-02-27 353:2010-02-27 332:2010-02-27 307:2010-02-27 268:2008-09-19 208:References 134:Fannie Mae 371:. Reuters 277:cite web 235:Archived 195:See also 105:Ed Royce 203:program 57:(D-ND) 36:(D-CT) 262:(PDF) 255:(PDF) 473:2010 283:link 140:and 130:CEOs 64:The 132:of 499:: 463:. 325:. 279:}} 275:{{ 170:. 155:. 136:, 95:, 87:, 475:. 449:. 424:. 403:. 378:. 356:. 335:. 310:. 285:) 271:.

Index

Chairman of the Senate Banking Committee Christopher Dodd (D-CT)
Senate Banking Committee
Christopher Dodd
Chairman of the Senate Budget Committee Kent Conrad (D-ND)
Senate Budget Committee
Kent Conrad
Conde Nast Portfolio
Countrywide Financial
Angelo Mozilo
Senate Banking Committee
Christopher Dodd
Senate Budget Committee
Kent Conrad
political action committee
Ed Royce
Federal Housing Administration

The Wall Street Journal
CEOs
Fannie Mae
Franklin Raines
James A. Johnson
The Washington Post
Raines and Obama
Christopher Dodd
Kent Conrad
Countrywide Financial Corp
Hartford Courant
Citizens Against Government Waste
Countrywide Financial

Text is available under the Creative Commons Attribution-ShareAlike License. Additional terms may apply.