Powerful Friends of Countrywide’s Mozillo Receiving Special Treatment

1.  Christopher Dodd
U.S. senator (Democrat, Connecticut); chairman, Senate Committee on Banking, Housing, and Urban Affairs1. May 3, 2002Loan type: RefinanceAmount: $388,991Rate: 7.38 percentProperty: Washington townhouse 2. June 16, 2003Loan type: RefinanceAmount: $275,042Rate: 4.5 percentProperty: Residence, East Haddam, ConnecticutV.I.P. Treatment: Three-eighths of a point waived, or $2,000; received free float-down from 4.875 percent to 4.5 percent3. [...]

U.S. To Face A Financing Crisis?

Merrill Lynch has warned that the United States could face a foreign “financing crisis” within months as the full consequences of the Fannie Mae and Freddie Mac mortgage debacle spread through the world.
The country depends on Asian, Russian and Middle Eastern investors to fund much of its $700bn (£350bn) current account deficit, leaving it far [...]