Angelo's "friends" did not just include Sens. Dodd and Conrad, but a judge who ruled in Countrywide's favor, a political analyst from CNN, a staff lawyer for the House subcommittee that monitors the Department of Housing and Urban Development, 2 former CEOs of Fannie Mae, and many, many more. They even tried to snare themselves one of the presidential candidates.

If you want to understand why Congress is so gung-ho for a mortgage bailout, this is a must read.

Angelo's Many Friends
http://www.portfolio.com/news-markets/national-news/portfolio/2008/07/16...