Wednesday, December 24, 2008

Bush pardons mortgage fraudster who escaped restitution; Smells political.

Victims 'thank' Bush for 'worst Christmas present' ever

President George W. Bush has characterized the recent US housing crisis as a product of greed and Wall Street excess.


But that doesn't seem to have been Bush's opinion when he pardoned Isaac Toussie, 30, of Brooklyn, the son of a New York real estate developer, who defrauded the Housing and Urban Development Department government for millions of dollars and pled guilty to inflating the incomes of at least 100 families to make them eligible for federal loans in the lead-up to the worst housing crisis the United States has ever had.

Toussie was among 19 pardoned by President George W. Bush in his semi-annual pre-Christmas clemencies.What's more, Toussie's father gave $28,500 to the Republican National Committee this year, according to a RAW STORY analysis of federal campaign finance records available at the nonpartisan campaign finance watchdog Open Secrets.

Read on.

2 comments:

airJackie said...

It's called pay for a pardon. Look it's old school, if you look at history you'll see that everyone who got a pardon gave a big donation. Now for us normal poor people we gave 5 dollars to Obama/Biden and of couse my girlfriend Hillary but I guess that's now enough for a pardon. Obama said things would change well it will be an interesting future with those changes.

Anonymous said...

revoked