Tag Archives: kent conrad

Massive Federal Reserve Profit Of $78.4 Billion In 2010

I guess you can make good by doing good. The Federal Reserve has been intervening massively into the economy, in particular by buying mortgage bonds. I was surprised to find that the Federal Reserve made an impressive profit by so … Continue reading

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Subprime Ethics

From the Times Union: When it was flying high, Countrywide Financial was aggressively approving subprime mortgages that have contributed to today’s housing crisis. According to The Washington Post, Sen. Kent Conrad, D-N.D., chairman of the Senate Budget Committee and a … Continue reading

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Getting The Courtesy Treatment From Countrywide

Rick Green writes: "Am I a VIP?" I’m certainly no Chris Dodd. Dodd said he thought he got the deal "because they had been with Countrywide since 1999 and had two mortgages." I don’t believe an honorable man like Dodd … Continue reading

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Senators Get Favored Refinance Treatment

From the New York Times: Senator Kent Conrad, Democrat of North Dakota, said Saturday that he would donate $10,500 to charity and refinance a property loan after suggestions that he and other prominent Washington figures received preferential treatment from Countrywide … Continue reading

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