Federal suit alleges 'brazen' fraud at Countrywide

Lender's owner decries 'simply false' accusations

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  • JWB Kaysville, UT
    Oct. 26, 2012 9:33 a.m.

    Good timing on this law suit against the evil Countrywide. This administration is showing that without them we would have people from Countrywide ruining our country again. Where was the Federal Reserve in 2008 and earlier? Tim Geithner, our Secretary of the Treasury was in that process with Ben Bernanke at that time. The Democratic Congress overseas that process with Fannie and Freddie. Chris Dodd, then the ranking member of the Banking Committee and now its chair, was in the middle of receiving preferential loan treatment from Countrywide Mortgage, one of the companies gaming the system in the credit crisis. Meanwhile, supposedly Barack Obama took hundreds of thousands of dollars from the lobbyists, making him the potential #2 recipient of Fannie/Freddie money.

    Who caused the crisis? Maybe this law suit will bring out information about Dodd and Obama that would be enlightening to people. How did President Obama become a millionaire without normal work process that community organizers go through?

    He lives in a protected world of layers of people that shelter him. John McCain was one that pushed for reform of Fannie and Freddie in 2005. If that was enacted in 2005 plenty of people would be protected.