Connecticut Senator Christopher Dodd received a better mortgage deal from subprime lender Countrywide, simply because Dodd was a United States Senator. Today, the United States Senate cleared Dodd of wrongdoing. According to CNBC:
In the end, it takes a lot for the country's most elite club to turn on one of its own. Senators Christopher Dodd and Kent Conrad have been cleared of any ethics violations for accepting sweetheart, "Friends of Angelo" mortgages from Countrywide.
Yes, I was once a member of the Federalist Society. I know all of the arguments against "judicial activism." There are, however, three branches of government. The Executive and Legislative branches have all bowed down to Wall Street. That leaves the last remaining branch - the Judiciary.
As a matter of separation of powers, federal judges have a constitutional duty to fight back. Refuse to take anything the Executive or Legislative Branch says at face value. They have no credibility - nor does anyone who claims that the Judiciary Branch should "defer" to these corrupt officials.