New Revelation on Countrywide

Posted: Oct 30, 2008 3:11 PM
A new NBC Today Show report mostly rehashes old details about the Countrywide scandal, but does include one important new fact.

A former Countrywide executive who worked close with CEO Angelo Mozilo said the politicians who got under the table deals on their mortgages  "absolutely" knew they were getting the discounts because of their influential political position.

Among those who received sweetheart deals were Democratic Sen. Chris Dodd, Sen. Kent Conrad and former Fannie Mae CEO's James Johnson and Franklin Raines.

Before this scandal broke, Johnson was leading Barack Obama's vice presidential vetting team and Dodd was considered to be a VP contender.