Comments on: Where is Dick Blumenthal on Countrywide?

By: CT Yankee

CT Yankee — Thu, 26 Jun 2008 03:39:21 +0000

“Healy et al” should not say anything about what Dodd should be tougher on, what they should speculate on is what “the senator that replaces Dodd should get tougher on..”

Matt – obviously your a big Dodd fan, but CT deserves better then a bloated career VIP’er whose brazen attitude has finally been exposed. If this was a GOP senator – you and the rest of the my left nutmeggers would be rallying on his lawn right now. Plain and simple – Dodd messed up, got caught – now he needs to get out. Its sad, but not unexpected. Not exactly the first time the Dodd name was connected with corruption.

By: mattw

mattw — Wed, 25 Jun 2008 22:47:36 +0000

You’re right, of course — that’s why Healy et al aren’t saying that Dodd should be tougher on the banking industry.

The credit card reporting bill is, iirc, a separate bill, but I think (as it seems you do as well) that it’s a lousy one. The purpose is to make sure that businesses are paying the correct amount in taxes when an increasing share of their income is from credit card payments, but they could accomplish the same thing by just restoring the funds for auditing a percentage of corporate taxpayers without having personal financial records passing through government hands.

By: Jim Palmer

Jim Palmer — Wed, 25 Jun 2008 22:35:28 +0000

Of course, the Countrywide Financial PAC also gave money to McCain (in 1998) as did Bank of America (in 1998 and 2004), and McCain also has a government backed bailout proposal (the HOME Plan). Since 1998, the Countrywide PAC has given more to Republicans than Democrats – $440,661 to $353,350.

Dick Armey says Dodd’s bill calls for credit card companies, ebay, amazon, and the like to report what you buy to the federal government. A small concern over privacy, even in the age of terror, but not from a Democrat that I’ve heard, as yet.