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To: NOW who wrote (80163)6/15/2008 1:24:51 AM
From: John Carragher  Read Replies (1) | Respond to of 116555
 
i wonder how many in congress are friends of gm.. who provide a deep discount on their autos to favorite vendors who are designated as able to influence sales or support sales/production. basically you fill out a form and send it to gm purchasing department who process these requests and your car is delivered to your local dealer.

i find it hard to believe that those in congress looking for deep discounts for new car purchases are also not on a favorite track at gm.

Now that we know about one favorite like home mortgage , how many more friends of congress are providing deep discounts that the general public never get or know about.



To: NOW who wrote (80163)6/19/2008 2:50:42 AM
From: Madharry  Read Replies (1) | Respond to of 116555
 
OMG dont think that what COuntrywide did was anything particularly unusual. I worked for a money center bank years ago and we lent unsecured funds to politicians and to their campaigns as well. No lending officer in his right mind would make this type of loan on his own. On top of that the bank senior management took a very active role in inducing its employees to donate generously to its PAC funds. So active that it made me wonder whether bonus money was correlated to donations to the pac. What is more alarming to me is the way that Countrywide was able to take those mortgages tens of billions of them and borrow against them with the fed home loan bank. I sent an email to Barney Frank about this and never got a response. Our tax dollars at work.