If Conrad Thought He Was Getting “Frequent Flyer’ Benefits That Means He Knew He Was Getting Benefit
Throughout the Countrywide mortgage scandal Kent Conrad has remained adamant that he never knew he was getting special treatment from his lender. Yesterday he was quoted in the Grand Forks Herald as saying:
“I did nothing unethical. Mr. Feinberg never told me he was waiving a 1-point (1 percent) fee” on the mortgage.
Back in June of last year Conrad said the following:
...I never asked for, expected or was aware of any preferential treatment in the course of my dealings with Countrywide.
Those statements are pretty clear denials. Conrad says he didn’t know he was getting special treatment. But now his position seems to have…evolved a bit. Today he’s quoted as saying that he thought the special treatment was equivalent to “frequent flyer” benefits.
But in order to think he was getting “frequent flyer” benefits he’d have to know he was getting benefits, no? And if he knew he was getting benefits, that means his earlier assertions about having no knowledge of any special treatment are lies, no?
It’s pretty clear that Conrad needs to drop the charade and come clean.
