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2009-06-02 Home Front: Politix
Dodd's denouement
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Posted by Fred 2009-06-02 00:00|| E-Mail|| Front Page|| [6482 views ]  Top

#1 After Chris Dodd is out, I hope a prosecuter steps in to finish his ass off.
Posted by Clegum Protector of the Welsh4635 2009-06-02 13:41||   2009-06-02 13:41|| Front Page Top

#2 Perhaps they could start...here?

In the court of public opinion, Countrywide Financial Corp. co-founder Angelo Mozilo is the chief villain in the mortgage crisis that has crippled the economy.

But, even with arrows in his back from politicians and pundits and an outraged public, he could still ride into the sunset mostly unscathed, several prosecutors and other legal experts say.

He also has chips to play. As the man allegedly behind an unofficial effort to provide discounted loans to favored borrowers, which is now under federal scrutiny, he knows which politicians and others may have received special treatment. He could use that information to bargain with prosecutors.

Anthony Salerno said attorneys from the Justice Department in Washington joined FBI agents and federal prosecutors from Los Angeles last fall in interviewing his client, Robert Feinberg, about what was known at the company as "Friends of Angelo." Feinberg, a 12-year Countrywide employee who processed the VIP loans, told investigators that it was standard practice to tell borrowers, "Your loan was specially priced by Angelo," according to a congressional report.

Salerno said the Justice Department appeared to be investigating whether the program amounted to improper influence peddling by Countrywide and whether the politicians had failed to publicly report favors from Mozilo. And that, legal experts said, could give Mozilo another strategy: a chance to cut a deal with prosecutors in exchange for his testimony.

"He's in a position, potentially, to say who else Congress had their hands out to," Levenson said.
Posted by tu3031 2009-06-02 13:50||   2009-06-02 13:50|| Front Page Top

#3 Ted's got a tumor...Chris is toast. Too much scotch can be hazardous indeed...
Posted by Art ofWar 2009-06-02 13:59||   2009-06-02 13:59|| Front Page Top

#4 The Chivas is working. The tumor is shrinking!
Posted by Besoeker 2009-06-02 14:03||   2009-06-02 14:03|| Front Page Top

#5 At least the waitresses will be safer now.
Posted by Gerthudion Chuck8304 2009-06-02 18:13||   2009-06-02 18:13|| Front Page Top

#6 Couldn't happen to a nicer pair of bastards.
Posted by Hellfish 2009-06-02 19:02||   2009-06-02 19:02|| Front Page Top

#7 There's about five months between now and the election. Plenty of time for the Connecticut Democrats and their ilk to fire up the machine.

2:1 Dodd gets re-elected.
Posted by Pappy 2009-06-02 21:09||   2009-06-02 21:09|| Front Page Top

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