Daily Archives: July 31, 2009

Jul 31 2009

Democrats Won’t Reveal VIP Mortgage Records from subprime lender Countrywide Financial Corp

Obamapelosi

House Democrats have declined to subpoena available records that might reveal whether other members of Congress got discounted VIP mortgages from subprime lender Countrywide Financial Corp. similar to the sweetheart deals given Democratic Sens. Chris Dodd and Kent Conrad.
Republicans say they are willing to risk that the records now held by Bank of America may show that GOP lawmakers were also “friends of Angelo” who got preferential terms on personal mortgages at the behest of then-Countrywide CEO Angelo Mozilo.

Countrywide, after losing billions of dollars on defaulted subprime loans that triggered last year’s financial crisis and the consequent recession, was taken over by Bank of America a year ago. Read More

Must not be any Republicans on that discounted VIP mortgage list or the Democrats would release it asap! So people it tells us that there are names of democrats that they don’t want us to see on the list. What you think?

LINKS:

(1) Dodd and Obama: Corrupt birds of a feather; Update: Resisting subpoena

Jul 31 2009

UPDATE: Govt to Suspend Cash for Clunkers Program (Obama asked Lawmakers for another 2 billion bill)

Congressional officials say the government plans to suspend the popular “cash for clunkers” program amid concerns it could quickly use up the $1 billion in rebates for new car purchases.

The Transportation Department called congressional offices late Thursday to alert them to the decision to halt the program, which offered owners of old cars and trucks $3,500 or $4,500 toward a new, more fuel-efficient vehicle. Read More From Source

UPDATE:
Obama now wants lawmakers to pass a 2 billion dollar bill to keep the program alive. When are we americans going to say enough spending Obama?

Another Obama socialist plan that he got wrong! All these wrongs are showing he’s unexperience to be the leader of America.

LINKS:

(1) Did ‘Cash for Clunkers’ just put Obamacare on the junk heap? Update: House adds $2 billion more to re-start the program