Posted on 07/29/2009 5:38:53 PM PDT by Kaslin
Corruption: Chris Dodd's teetering re-election chances weren't helped by news that the senator may have lied about not knowing he got preferential treatment as one of Countrywide Financial's Friends of Angelo program.
As the No. 1 recipient of campaign contributions from Fannie Mae and Freddie Mac, co-conspirators in the housing market collapse, Dodd had no trouble safeguarding his assets.
While head of the Senate Banking Committee that oversaw Countrywide Financial, he got a deal from Countrywide as a "friend" of founder and CEO Angelo Mozilo. He was able to take out two mortgages with no closing costs attached, at fixed rates of 4.25% and 4.50%, something unavailable to most homeowners.
Dodd has claimed that he had no knowledge of any preferential treatment from a man and a company known for preferential treatment of its favorite customers, refinancing his home in Connecticut and another residence in Washington.
Also in on the sweetheart deals was Sen. Kent Conrad, D-N.D., chairman of the Senate Budget Committee. His two Countrywide mortgages in 2004 were for a beach house in Delaware and an eight-unit apartment building in Bismarck, capital of his home state.
(Excerpt) Read more at ibdeditorials.com ...
it usually works for politician criminals...
Where is the GOP calling for a special prosecutor everyday of the week like the socialists did when they were in the minority?
Them are just peckerheads, yankee style. Time for them to be kept home so they’ll quit runnin’ with a crowd they can’t keep up with.
Let's hope they catch on, he should be charged and unavailable to run again from a prison cell.
Chris Dudd is as crooked as his old man.
I hope he doesn’t pull a Torcelli and pull out of the race. He’s our best chance at winning.
Chris Dodd is about as popular as Pelosi. Not too many people will miss that horses arse if he gets kicked to the curb. Him and his old man are two senators that will never have a dam named after them. Think about it. Dodd Dam.
We need to make it a “Hanging Offense” for all Senators or Congressmen/Congresswomen to increase net wealth during their term of office. The day they are elected, their net worth is compiled and if it increases more than inflation during their term (limited to 6 yrs in Senate, and 4 yrs in House), they are hung from the closest tree. No appeal, no clemency just a short drop ad to be left hanging their for 7 days.
Man I played the re-fi market about as well as possible but it had some luck involved. I did not pull money out to raid equity either. I got a 15-year fixed probably back in 2005 or 2006 at 4.75% and I think that was about as low as possible. This was not a jumbo because it was paid down a lot.
No way anyone could get 4.25% with no closing costs. If he had a jumbo it would be even more impossible.
Dodd, Conrad: Mortgage Discounts Were ‘Courtesy’
The Washington Times | July 29, 2009 | S.A. Miller
Posted on 07/29/2009 9:38:33 AM PDT by khnyny
http://www.freerepublic.com/focus/news/2303657/posts
-PJ
I think the stress and strain of being exposed as a crook and corrupt fraud will kill him. And then CT will vote him another term.
10-1 this idiot is re-elected with room to spare.
Yeah, prisons are full of them, LOL. Let’s hope he gets his butt whiped come next election time. Any good conservatives in his state???
“Anybody wanna go for drinks and a sandwich?”
Harley, that's down right funny!
This is bribery, plain & simple.
Martha Stewart went to jail for selling a stock she heard negative things about. She was not connected to the company. Dodd & the others in Congress who profited from industries they were supposed to be regulating should be serving hard time.
Period!
The most conservative pol in CT is a Dem...Joe Lieberman
Joe Lieberman is no conservative. He just adores illegal aliens. His stand on border security is scary. He just sometimes talks like a conservative on an occasional issue when he thinks it will get him votes.
No, he isn’t, but I’d take him over Dodd any day of the week. Don’t know about these coastal states. Hard to get conservatives to win sometimes.
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