Comments on: Dodd and Countrywide: The Saga Continues? http://radioviceonline.com/dodd-and-countrywide-the-saga-continues/ The blog home of The Jim Vicevich Show Thu, 09 Feb 2012 21:18:38 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Radio Vice Online » NBC Investigates Dodd and Countrywide http://radioviceonline.com/dodd-and-countrywide-the-saga-continues/comment-page-1/#comment-343 Radio Vice Online » NBC Investigates Dodd and Countrywide Thu, 30 Oct 2008 21:59:58 +0000 http://www.radioviceonline.com/?p=2233#comment-343 [...] here … and here … and here … for past posts on [...] [...] here … and here … and here … for past posts on [...]

]]> By: Robert Holland http://radioviceonline.com/dodd-and-countrywide-the-saga-continues/comment-page-1/#comment-342 Robert Holland Tue, 07 Oct 2008 09:41:25 +0000 http://www.radioviceonline.com/?p=2233#comment-342 Maybe someone already mentioned this but a detail may be the unravelling of C. Dodd. The details are this. Dodd got a favor from Countrywide. Enough of a favor - before his election - to make it at least uncomfortable for CD. At around the same time the CEO of Countrywide had a meeting with Mr. Mudd, presumably after a similar meeting with the CEO of Freddie, or whichever. Anyway, there was so much private capital around that Countrywide was making mortgages faster than ever and needed their capacity, which up to then was being rather carefully underwritten. The detail is the bridge between Countrywide and legislative pressure exerted via law and letters directed at both Fannie and Freddie to lend their capacity - NO QUESTIONS ASKED - to Countrywide and, maybe others who are too small to matter. Welcome Mr. and Ms. FBI. Maybe someone already mentioned this but a detail may be the unravelling of C. Dodd. The details are this.

Dodd got a favor from Countrywide. Enough of a favor – before his election – to make it at least uncomfortable for CD.

At around the same time the CEO of Countrywide had a meeting with Mr. Mudd, presumably after a similar meeting with the CEO of Freddie, or whichever. Anyway, there was so much private capital around that Countrywide was making mortgages faster than ever and needed their capacity, which up to then was being rather carefully underwritten.

The detail is the bridge between Countrywide and legislative pressure exerted via law and letters directed at both Fannie and Freddie to lend their capacity – NO QUESTIONS ASKED – to Countrywide and, maybe others who are too small to matter.

Welcome Mr. and Ms. FBI.

]]>