Why did America’s real estate market crater?
Appointing Chris Dodd as head of the banking committee and Kent Conrad as chair of the Budget Committee didn’t help.
According to testimony from an official at Countrywide’s VIP division, while millions of Americans struggled to make their house payments, those two Democrat Senators were getting sweetheart mortgage deals from the soon-to-fail bank. And, while they blamed the Bush administration and tax policies for the cratering real estate market, Dodd and Conrad swore they had no idea they were getting a good deal on their mortgages.
After all, who pays attention to things like interest rates when you’re financing a home purchase? Or payment terms? Or the monthly payment amount?
Now, these are the guys that are in charge of a health care fix (fix being the operable term here).
Wonder what health care will be like for U.S. Senators under a Dodd-Conrad health system? Maybe private hospitals will run specials for VIPs:
Free ACL surgery with every kickback.
Bribe one, get one liver transplant free (The Kennedy special).
Ear, nose, and throat visit for earmarks.
Written by Sven Waring of DotPenn.com
Source: Associated Press
This post was last modified on October 18, 2023