Things That Look, Walk, and Sound Like Ducks Department
We now know the following:
- Knowingly or not, Senators Conrad and Dodd were both beneficiaries of the "Friends of Angelo" loans from Countrywide.
- Senator Conrad added a “reserve fund” to the Dodd-Shelby bill which would prevent it from later being subjected to a “Budget Act point of order.” This means that funding for the bill can be increased with no question. (A strange action for such a self-proclaimed "budget hawk" as Senator Conrad.)
- Countrywide would be one of the largest beneficiaries of the Dodd-Shelby bill.
Given those facts, it would be the height of folly and arrogance to pass the Dodd-Shelby bill until there has been an independent investigation to determine beyond a reasonable shadow of a doubt that there has not been a quid-pro-quo with the "Friends of Angelo" loans and the Dodd-Shelby bill.
(I know: Folly and arrogance by members of the U.S. Senate? What am I thinking?)
Right now, this looks, walks, and sounds like a duck. Offended denials will not do it; Senators Conrad and Dodd must prove their case.
Roy M. Jacobsen
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