The good news is most US Senators have disclosed the circumstances of how they obtained their home mortgage. The bad news is 23 have not. Should we be suspicious? I think we should. The story this morning: Amid a brewing scandal over special mortgage deals given to two U.S. senators, Politico last week asked the [...]

There is a scandal brewing in Washington involving members of the Senate Banking Committee and Countrywide. Apparently these guys were getting “special deals” from Countrywide and are now pleading ignorance. I guess the trick is when you’re getting special treatment the best thing to do is not ask questions. I’ll have to keep that in [...]

Senator Kent Conrad admits he wasn’t aware that Countrywide gave him preferential treatment on his mortgage and donated the equivalent fee to a charity. Senator Christopher Dodd on the other hand also got a loan from Countrywide but denies he was treated any differently. I don’t know if I buy that necessarily. Shame on Countrywide [...]