The Chris Dodd Mortgage Scandal

Glenn Reynolds at Instapundit has the latest information on the Chris Dodd mortgage scandal.

As reported previously during the campaign, Senator Chris Dodd and other top Democrats, including Barack Obama, are knee-deep in the mortgage scandal that resulted in our economy being brought to the brink of disaster.

As for Dodd, the feds are now investigating the Senator's ties to criminal activity in the Countrywide Mortgage debacle.

It has been difficult, however, for the feds to gain any traction in their investigations into possible illegal activity on the part of Dodd, Obama, Rangle, Barney Frank, and other top Democrats due to the fact that the lunatics are running the asylum (Congress).

The worst-case scenario, which is entirely possible, would be the discovery AFTER the election that not only Obama but dozens of Democrats in Congress share culpability in the mortgage and banking scandal that led to the financial crisis.

If this turns out to be the case, the mainstream media would find it impossible to avoid reporting it as they did during the campaign.

Wouldn't it be odd to discover that Americans elected to office a gang of criminals due to the fact that the mainstream media refused to publicize what they knew behind the scenes?

After all, they admitted they were biased, but it was all 'for the good of the country.' Sure.

Does Hillary Know Something We Don't?

Hillary Clinton's campaign operatives stunned many observers Wednesday by announcing that the candidate was not handing over her pledged delegates to Barack Obama until the Democratic National Convention in August.

Interestingly enough, Hillary also refrained from using the term 'withdraw from the race' in her announcement on Saturday. She said she was 'suspending' her campaign.

The word 'suspension' carries the connotation that the hiatus is temporary. 'Suspended' players in sports, for example, return to play after their period of suspension.

It is thus highly suspicious that what Hillary did not say comes as a prelude to the latest in a series of scandals to plague the Barack Obama campaign.

Obama had chosen Jim Johnson--the former head of Fannie Mae, the government's mortgage giant--to be on his Vice Presidential selection committee. It turns out that Johnson was involved in a mortgage scheme with the scandal-plagued Countrywide Mortgage Corporation--a scheme that eventually led to the gigantic plunge of home values and the current crisis in the mortgage industry.

On the campaign trail, Obama had referred to Countrywide CEO Angelo Mozilo as a 'plague.' Yet it was Mozilo who apparently devised the scheme in which Jim Johnson participated as the head of Fannie Mae.

And this brings us to today's actions where Obama throws another one under the bus, claiming that Johnson was not the same Jim Johnson he always knew. Thus, Obama 'de-selected' Johnson from the committee.

How many times has Obama done this very thing over the past 3 months? Most of us have lost count. At the very least he has thrown family members and his Pastor under the bus. But there are many, many more who once could be counted as 'Barack's close friends and associates' who have now been relegated to the status of shunned has-beens.

Now back to Hillary. Perhaps she and Bill are simply waiting in the wings for Obama to slip on a banana peel, knowing that he has enough scandal in the closet to do him in eventually.

The problem is, the Clintons have very little to offer that's different from Obama.

For the complete scoop on this still-developing story on the latest Obama scandal, click on the two links below to go to Michelle Malkin's thorough chronicle of the mess:

http://michellemalkin.com/2008/06/11/doh-bamas-mortgage-industry-mess/

http://michellemalkin.com/2008/06/11/and-again-this-was-not-the-jim-johnson-i-knew/