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Old 10-05-2008, 08:43 PM   #14
xoxoxoBruce
The future is unwritten
 
Join Date: Oct 2002
Posts: 71,105
Quote:
Originally Posted by classicman View Post
Ok, I tried to do a little research on this whole mess - just getting started with some google searching. I'm trying to track the money. That is my thought anyway. So far, here is what I've got. Admittedly none are very current.

Chris Dodd, Kent Conrad Tied To Countrywide Scandal


Countrywide
financial political loan scandal



Countrywide's Many 'Friends'



I dunno what the hell to think - Its like chasing your tail - link to link to link... getting frustrated.
From the story of the 90 year old woman that shot herself.
Quote:
In 2004, Polk took out a 30-year, 6.375 percent mortgage for $45,620 with a Countrywide Home Loan office in Cuyahoga Falls, Ohio. The same day, she also took out an $11,380 line of credit.

Over the next couple of years, Polk missed payments on the 101-year-old home that she and her late husband purchased in 1970. In 2007, Fannie Mae assumed the mortgage and later filed for foreclosure.
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