Countrywide’s Many ‘Friends’

In a post on Portfolio.com there is an article titled “Countrywide’s Many ‘Friends’” that touches on the friends of Barak Obama and those who are currently helping to look into his Vice President choice.

Two U.S. senators, two former Cabinet members, and a former ambassador to the United Nations received loans from Countrywide Financial through a little-known program that waived points, lender fees, and company borrowing rules for prominent people.

Senators Christopher Dodd and Senator Kent Conrad refinanced properties through a VIP program that waived fees, waived points and changed company rules. 

This comes on the heels of James Johnson resigning from the VIP search.  Just holding my breath to see how much of this makes the news.

Remember you know more about someone based on who their friends are then you know about what they say.

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