Pete Sessions Got Favorable $1 Million Loan

The Dallas Republican and three other members of Congress are under investigation for the favorable rates they received from the notorious Countrywide Financial Corp., the sub-prime loan factory. His spokesperson says he didn’t know he received below-market rates. That makes sense. Who bothers to check the interest rate on a million dollar loan?

But maybe it’s understandable. After all, there is some confusion about which loan is under the microscope:

[Sessions’s spokesperson Torrie] Miller said Sessions received a $1 million loan in 2007 for his Texas home, but does not know whether that’s the loan under investigation.

So exactly how many $1 million loans does Sessions have? Just for the record, in 2011 the salary of a member of Congress was $174,000.

Tea Party, where are you when we need you?

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