Senate Ethics Committee dismisses Dodd complaint

Only the American public is subjected to the highest standards of behavior. Mistakes made in the foolishness of youth can now carry through a lifetime; a twenty-year old who receives a DUI as well as an underage drinking citation is denied access to many professions or government employment in some states. He will have perhaps sixty years to reflect uppon the nature and consequences of his "sin".

Charlie Rangel was stripped of his chairmanship and verbally "spanked" by Nancy Pelosi for an unbearably long thirty seconds or so. Maxine Waters' problem has not yet been addressed. Chris Dodd, ol' Ted Kennedy's fellow lecher and drinking buddy escapes without so much as a scolding.

The image of a blind "Justice" is suppposed to suggest that all are equal under the law and will be judged accordingly. What a farce that turned out to be...

Democrats dismiss it to help their CORRUPT CRIMINAL Congressman. How Fitting.

Democrats are pure Filth.

This what being "Above the Law" is all about.

It's time for these People to Start Going to Jail but you can count on Scumbag-0-crats defending this and any other Crime because they are all about protecting their "Party" over what's right and the Country.

Fannie Mae and Freddie Mac Invest in Democrats

By Lindsay Renick Mayer
July 16, 2008

The federal government recently announced that it will come to the rescue of Freddie Mac and Fannie Mae, two embattled mortgage buyers that for years have pursued a lobbying strategy to get lawmakers on their side. Both companies have poured money into lobbying and campaign contributions to federal candidates, parties and committees as a general tactic, but they've also directed those contributions strategically.

In the 2006 election cycle, Fannie Mae was giving 53 percent of its total $1.3 million in contributions to Republicans, who controlled Congress at that time. This cycle, with Democrats in control, they've reversed course, giving the party 56 percent of their total $1.1 million in contributions. Similarly, Freddie Mac has given 53 percent of its $555,700 in contributions to Democrats this cycle, compared to the 44 percent it gave during 2006.

Fannie Mae and Freddie Mac have also strategically given more contributions to lawmakers currently sitting on committees that primarily regulate their industry. Fifteen of the 25 lawmakers who have received the most from the two companies combined since the 1990 election sit on either the House Financial Services Committee; the Senate Banking, Housing & Urban Affairs Committee; or the Senate Finance Committee. The others have seats on the powerful Appropriations or Ways & Means committees, are members of the congressional leadership or have run for president. Sen. Chris Dodd (D-Conn.), chairman of the Senate banking committee, has received the most from Fannie and Freddie's PACs and employees ($133,900 since 1989). Rep. Paul Kanjorski (D-Pa.) has received $65,500. Kanjorski chairs the House Financial Services Subcommittee on Capital Markets, Insurance and Government-Sponsored Enterprises, and Freddie Mac and Fannie Mae are government-sponsored enterprises, or GSEs.

Top Recipients of Fannie Mae and Freddie Mac
Campaign Contributions, 1989-2008

1. Dodd, Christopher J D-CT $133,900

2. Kerry, John D-MA $111,000

3. Obama, Barack D-IL $105,849

4. Clinton, Hillary D-NY $75,550

5. Kanjorski, Paul E D-PA $65,500

Includes contributions from PACs and individuals.
2008 cycle totals based on data downloaded from the
Federal Election Commission on June 30, 2008.

http://www.opensecrets.org/news/2008/07/top-s...

Just go`s to show how corrupt the Senate is as it continues to protect each other. The article calls this mini castle a cottage, what a crock of sheet. Dodd is the most corrupt politician to come out of Connecticut. Worse than his father who also was a crook and forced to retire..................

Wes Snipes is fuming mad.

another douche bag that should be in jail

Go to your cottage in Ireland and take your pal Barney Frank with you.

Skuttlebutt wrote:

another douche bag that should be in jail

True. The Jackasscrats protected him.

HaHaHa

You morons know he's retiring? That the Senate ethics panel has ZERO influence when he's gone in 8 days?

Gawd, ideologues.

The laughing liberal wrote:

Fannie Mae and Freddie Mac Invest in Democrats
By Lindsay Renick Mayer
July 16, 2008
The federal government recently announced that it will come to the rescue of Freddie Mac and Fannie Mae, two embattled mortgage buyers that for years have pursued a lobbying strategy to get lawmakers on their side. Both companies have poured money into lobbying and campaign contributions to federal candidates, parties and committees as a general tactic, but they've also directed those contributions strategically.
In the 2006 election cycle, Fannie Mae was giving 53 percent of its total $1.3 million in contributions to Republicans, who controlled Congress at that time. This cycle, with Democrats in control, they've reversed course, giving the party 56 percent of their total $1.1 million in contributions. Similarly, Freddie Mac has given 53 percent of its $555,700 in contributions to Democrats this cycle, compared to the 44 percent it gave during 2006.
Fannie Mae and Freddie Mac have also strategically given more contributions to lawmakers currently sitting on committees that primarily regulate their industry. Fifteen of the 25 lawmakers who have received the most from the two companies combined since the 1990 election sit on either the House Financial Services Committee; the Senate Banking, Housing & Urban Affairs Committee; or the Senate Finance Committee. The others have seats on the powerful Appropriations or Ways & Means committees, are members of the congressional leadership or have run for president. Sen. Chris Dodd (D-Conn.), chairman of the Senate banking committee, has received the most from Fannie and Freddie's PACs and employees ($133,900 since 1989). Rep. Paul Kanjorski (D-Pa.) has received $65,500. Kanjorski chairs the House Financial Services Subcommittee on Capital Markets, Insurance and Government-Sponsored Enterprises, and Freddie Mac and Fannie Mae are government-sponsored enterprises, or GSEs.

Fannie, Freddie, and the Pain Caucus

The members of the Pain Caucus see things differently when they will be the ones blamed for the pain (which tells us something about how all those calls for deficit reduction from the GOP are likely to turn out). House Republicans, who now have responsibility for the oversight of Fannie and Freddie, have decided that dismantling Fannie Mae and Freddie Mac isn't so urgent after all:

Suddenly, some members of the GOP realize they actually will be part of the government, by Richard Green: Alan Zibel writes in the Wall Street Journal:

Earlier this year, leading House Republicans proposed to privatize mortgage giants Fannie Mae and Freddie Mac or place them in receivership starting in two years.

Now, as Republicans prepare to assume control of the House next week, they aren't in as big a rush, cautioning that withdrawing government support in the housing market should be gradual.

http://economistsview.typepad.com/economistsv...

HaHaHa

Jonny Boy Central Coast wrote:

<quoted text>
Fannie, Freddie, and the Pain Caucus
The members of the Pain Caucus see things differently when they will be the ones blamed for the pain (which tells us something about how all those calls for deficit reduction from the GOP are likely to turn out). House Republicans, who now have responsibility for the oversight of Fannie and Freddie, have decided that dismantling Fannie Mae and Freddie Mac isn't so urgent after all:
Suddenly, some members of the GOP realize they actually will be part of the government, by Richard Green: Alan Zibel writes in the Wall Street Journal:
Earlier this year, leading House Republicans proposed to privatize mortgage giants Fannie Mae and Freddie Mac or place them in receivership starting in two years.
Now, as Republicans prepare to assume control of the House next week, they aren't in as big a rush, cautioning that withdrawing government support in the housing market should be gradual.
http://economistsview.typepad.com/economistsv...
HaHaHa

"I actually don't think the mortgage market will ever be truly a private sector enterprise. Suppose Fannie and Freddie were to go away: the most likley entities to step into the residential finance market would be banks. Would this be privitization? Not really. Banks receive explicit guarantees (FDIC) and, as we know from recent events, implicit guarantees as well (TARP was nothing if not the execution of an implicit Federal guarantee).

The conservative complaint about Fannie and Freddie is that they privatized profit while socializing risk. This is doubtless true. I just don't see how it is any less true for banks.

[update: just to be clear, I am all for FDIC, and I think on net TARP left the country better off. The point is that we will always rely on the public sector to some extent, whether some people like it or not]."

Seems the author was using the quote more to raise the question about whether banks as FDIC members would be a better choice to run mortgages rather GSE's Fannie and Freddie, and raises the question about whether that really makes them 'private'.

But Jonny Boy, you left off the end of the post. Why would you do that? Did not that 'context' matter?

More of your 'intellectual honesty'?

LOL

Mothra wrote:

<quoted text>
"I actually don't think the mortgage market will ever be truly a private sector enterprise. Suppose Fannie and Freddie were to go away: the most likley entities to step into the residential finance market would be banks. Would this be privitization? Not really. Banks receive explicit guarantees (FDIC) and, as we know from recent events, implicit guarantees as well (TARP was nothing if not the execution of an implicit Federal guarantee).
The conservative complaint about Fannie and Freddie is that they privatized profit while socializing risk. This is doubtless true. I just don't see how it is any less true for banks.
[update: just to be clear, I am all for FDIC, and I think on net TARP left the country better off. The point is that we will always rely on the public sector to some extent, whether some people like it or not]."
Seems the author was using the quote more to raise the question about whether banks as FDIC members would be a better choice to run mortgages rather GSE's Fannie and Freddie, and raises the question about whether that really makes them 'private'.
But Jonny Boy, you left off the end of the post. Why would you do that? Did not that 'context' matter?
More of your 'intellectual honesty'?
LOL

Are you EVER going to TRY to refute a post of mine or just continue your journey around the edges?

Notice how I LINKED THE GAWDAMMN POST SO ANYONE CAN SEE THE ARTICLE? DOUCHE!

This IS fun, keep going Bubba!

The 9/11 Nihilism Of GOP Senators

Sometimes there are simply no words to describe the behaviour of Mitch McConnell’s band of merry misanthropes - also known as much of the US Senate Republican Caucus. The level of pathological callousness, a nihilistic streak that would make Friedrich Nietzsche blush, the willingness to put an AR-15 to the head of the nearest vulnerable group if they don’t get every last dime of the mud-bath tax credit for the likes of Kim Kardashian.

You’ve seen these clowns in action. You know what I’m talking about.

They diagnose patients via Youtube. They block votes on everything that doesn’t involve water boarding someone or gutting mine safety standards. They turn bathroom stalls in Minnesota airports into tourist destinations.

Yet, this latest stunt, well, this one even shocked me. Senator McConnell’s boisterous brood decided that it was too expensive to fund healthcare for 9/11 first responders. That’s right, the guys and gals who ran into cascading buildings, brick bonfires and smoldering ash, many of whom - the ones lucky enough to get out alive - developed respiratory illness and cancer for their troubles.

Sicknesses no doubt brought about by their sloth, atheism and at least occasional voting for Democrats.

http://crooksandliars.com/

Dodd said in his statement late Wednesday that he appreciates the committee's conclusion.

What an odd thing for an innocent man to say!

Absurdity wrote:

Dodd said in his statement late Wednesday that he appreciates the committee's conclusion.
What an odd thing for an innocent man to say!

You got that right...but then dodd the dude has always been an asshat like the rest of the ruling class in the congress