Barack Obama and other Democrats Currently in control of Congress are being trusted with a $700,000,000,000 Bailout, but why would we trust these politicians to get it right consider this: The Countrywide financial political loan scandal involves politicians that allegedly received favorable mortgage rates. Chairman of the Senate Banking Committee Christopher Dodd (D-CT) Chairman of the Senate Budget Committee Kent Conrad(D-ND) In June 2008 Conde Nast Portfolio reported that numerous Washington, DC politicians over recent years had received mortgage financing at noncompetitive rates at Countrywide Financial because the corporation considered for the officeholders under a program called \"FOA\'s\"--\"Friends of Angelo\", Countrywide\'s Chief Executive Angelo Mozilo. The politicians extended such favorable financing included the chairman of the Senate Banking Committee, Christopher Dodd (D-CT), and the chairman of the Senate Budget Committee, Kent Conrad (D-ND). The article also noted Countrywide\'s political action committee had made large donations to Dodd\'s campaign. Dodd also has received approximately $70,000 in campaign contributions from Bank of America, which is buying Countrywide, in the 18 months before the Countrywide Financial loan scandal broke. Dodd has advocated that the federal government, through the Federal Housing Administration, insure up to $300 billion in refinanced mortgages for distressed homeowners. It was reported by the Wall Street Journal on 6 June 2008 that 2 former CEO of Fannie Mae Franklin Raines and James A. Johnson, also an adviser to Democratic presidential candidate Barack Obama, had received loans from Countrywide. On July 16, 2008, The Washington Post reported that Franklin Raines had \"taken calls from Barack Obama\'s presidential campaign seeking his advice on mortgage and housing policy matters.\" On 18 June 2008, a Congressional ethics panel started examining allegations that Democrat Senators Christopher Dodd of Connecticut (the sponsor of a major $300 billion housing rescue bill) and Kent Conrad of North Dakota received preferential loans by troubled mortgage lender Countrywide Financial Corp. Dodd has faced criticism for his role in this scandal from Connecticut\'s largest newspaper, the Hartford Courant as well as from the Connecticut Republican party. Citizens Against Government Waste (CAGW) named Dodd its June 2008 \"Porker of the Month\" for accepting a preferential mortgage deal from Countrywide Financial which stands to benefit from a mortgage bill he is pushing through Congress. Chris Dodd is the #1 Receiver of Fannie Mae/Freddie Mac Contributions, Barack Obama is #2. Contributions can be verified here: http://www.opensecrets.org/ Bailout, Barack, Chris, Countrywide, Dodd, Fannie, Franklin, Freddie, Government, grassroots, Jim, John, Johnson, Mac, Mae, McCain, news, Obama, outreach, Raines