Pensito Review Editor Linked to Subprime Lending Scandal

All the Republican angst over one of the people on Barack Obama’s vice presidential selection committee, Jim Johnson, and his ties to Countrywide Financial has got me thinking. I’d like to make a confession: like Johnson, I have a “special” mortgage from Countrywide, one of the culprits in the subprime lending meltdown.

“I am not vetting my VP search committee for their mortgages. There is a game that can be played — everybody who is tangentially related to my campaign is going to have a whole host of relationships,” Obama told reporters in St. Louis.

“I would have to hire the vetter to vet the vetters. At some point, we just asked people to do their assignments,” the Illinois senator said.

True, but I for one would like to admit, right here and now, that my 30-year first mortgage was taken years ago at a rate not available in the current market. Further, the loan on my nearly 60-year-old home would probably face increased scrutiny if it were not for my dogged insistence on making my payment each month. I doubt many people would get this type of preferential treatment, including offers from Countrywide to take out a second mortgage — a cold, hard cash payout — every single time I call them about anything no matter how unrelated, and I, for one, feel better coming clean about it.

Thank you for your understanding.

Is Dick Cheney’s Life Worth $4 Million?

dick_cheney.jpgThat’s what it will cost to keep Vice President Dick Cheney under Secret Service Protection for at least six months after he leaves office, if a bipartisan bill in the House of Representatives passes next week, according to the conservative Politico:

A bipartisan bill the House is scheduled to take up next week would require the Secret Service to protect Vice President Dick Cheney for six months after he leaves office. The Homeland Security Department would be authorized to determine if additional protection is necessary after the initial deadline ends.

The bill (H.R. 5938) was introduced by House Judiciary Committee Chairman John Conyers (D-Mich.) and Rep. Lamar Smith (R-Texas), ranking member of the committee. Reps. Bobby Scott (D-Va.) and Louie Gohmert (R-Texas), the chairman and ranking member of the Crime, Terrorism, and Homeland Security subcommittee, are also co-sponsors of the bill.

The legislation would require the Secret Service to protect the vice president and his or her spouse — as well as any children 16 or under — for six months after leaving office. Cheney would be the first vice president covered by the new bill, but it would also apply to future holders of the office.

Once the six-month deadline is reached, the secretary of Homeland Security is authorized “to direct the Secret Service to provide temporary protection for any of these individuals at any time thereafter” if a senior DHS official ” determines that information or conditions warrant such protection.”

Recent vice presidents, including Al Gore and Dan Quayle, were given Secret Serice protection after leaving office, but that was under temporary legislation or executive order, according to a May 16 Congressional Budget Office report. To give Cheney that same protection would cost $4 million next year, CBO estimated.

Sen. Hillary Rodham Clinton (D-N.Y.) has been given Secret Service protection since she left the White House in 2001, and Sens. Barack Obama (D-Ill.) and John McCain (R-Ariz.) have received it as well as part of their presidential candidacies.

Former presidents get lifetime Secret Service coverage after leaving office.

So who would want to do Cheney harm? For starters, any of the tens of thousands of inconsolable relatives of soldiers killed or wounded in Iraq.

But why should we have to pay for it? Cheney should hire some goons from Blackwater for protection, he’ll probably qualify for the corporate Haliburton discount. Of course, with those hired guns on the job, at some point there’s a good chance it will be open season on Cheney’s friends and neighbors.

Oh well, collateral damage ….

Quote du Jour

All political ideas cannot and should not be channeled into the programs of our two major parties. History has amply proved the virtue of political activity by minority, dissident groups, who innumerable times have been the vanguard of democratic thought and whose programs were ultimately accepted.

— Earl Warren (1891-1974), Chief Justice, U.S. Supreme Court