Say Anything Blog

“These financial transactioans do not represent the Kent Conrad I have known all these…er…um…hold on….. Kent Conrad is just a guy from North Dakota. Our paths possibly crossed in Washington.”

-B. Obama

Where is the evidence for this story?  How was it such a “sweetheart” deal?

$10K over the life of loan is not a sweethear deal at all.

He saved $10,000 on refinancing, not over the course of the loan.

He also got favorable treatment ordinary Americans couldn’t get from the CEO of a company Conrad’s had a hand in regulating (per his membership on committees).

Try to minimize this if you want, Art, but this is a big problem for Conrad.  Though I’m sure the ND media will white wash it, and then the Fargo Forum well exonerate him with an Olympian-toned bit of contorted reasoning that will leave all our heads spinning.

The purpose of government shouldn’t be to do good, but simply to refrain from doing evil.

I see that this is now breaking news on the Forum, GF Herald, Bismarck Trib…oh, wait…this story is about one of our ruling “troika” in DC…sorry…it’ll never see the light of day in the North Dakota press. 

Well, maybe.  The Forum probably will give the New York Post a “Leafy Spurge” for daring to criticize our glorious leader.

So $10k is 1% of a million.  Did Countrywide waive a 1% refinancing fee?  Is that where he saved the money?

There is also quite a disparity between Dodd and Conrad.

What did Dodd get that saved him so much more?

If the distinguished gentlemen qualified for the VIP treatment, there is probably nothing to this story—which is too bad.

Art:

I have a friend who served in a state assembly. We have amutual friend who likes to grab the check. My friend got investigated because of a lunch he had with this buddy. It was a big scandal that was blown out of proportion in the local papers.

If some carne asada and Coronas can trigger a scandal, I think sweatheart loan deals would certainly warrant a raising of eyebrows.

On second thought there is something here—I would bet my heavily mortgaged ranch that these two have railed against preferential treatment for mortgage applicants—you know, giving qualified borrowers a better deal than deadbeats.  In not insisting on receiving the same treatment as their sub-prime brethren, they can be branded with the big H.

Rob this needs to be hammered and hammered. They are doing what they accused the GOP of doing. The Media in ND needs to be on this…

Check out:
Goon’s North Dakota Red Neck
Goon’s World

Conrad said he never met Mozilo, and “I never asked for, expected or was aware of any special treatment.” Dodd had no immediate comment, but his wife told Portfolio two other lenders they’d checked with offered comparable interest rates.

I like how they spin this but he would be all over this if this was one of the GOP leadership guys/gals. HYPOCRITE

Check out:
Goon’s North Dakota Red Neck
Goon’s World

It’s not just the favorable rates they got. There’s also this:

FOAs paid lower fees, and if rates fell, VIPs got a free “float-down” while regular customers paid a surcharge.

Lower fees.  Waived surcharges.

Must be nice to be a Senator.

The purpose of government shouldn’t be to do good, but simply to refrain from doing evil.

He’ll be like his credit union check floating,Abramoff loving comrade Dorgan. He’ll pass it off as no big deal. Would the vacation home be the dumpy apartment in Bismarck? Just wondering.

Rob is there anyway to get the Newspapers on this, have you gotten any comment from the Fargo Forum or the Herald?

Check out:
Goon’s North Dakota Red Neck
Goon’s World

We have been told in the past “The nature of the evidence is irrelevant; it’s the seriousness of the charge that matters.”

No Free Lunch

Conrad’s $1.07 million vacation home is in Delaware, one block from the beach.

And you know what?  He didn’t disclose it on his Senate records.  He bought it in 2004, and it’s never appeared on one of his disclosure reports.

Why was he hiding it?

The purpose of government shouldn’t be to do good, but simply to refrain from doing evil.

I wish i could waive the fees evertime we transacteda mortgage. Looks like Kent Conrad gota back hander.

I wish i could waive the fees evertime we transacteda mortgage. Looks like Kent Conrad gota back hander.

Indeed, this isn’t the right kind of behavior in this case. I think that he should have adopted another attitude, more suitable to the problem.