Posted on 12/24/2008 9:52:18 AM PST by Shellybenoit
Back in June the WSJ reported tha Connecticut Senator Chris Dodd, reportedly received "preferential" interest rates from Countrywide Financial Group because was "friends" of the company's chairman and chief executive, Angelo Mozilo. The report said Countrywide made two loans in 2003 at special rates to Sen. Dodd, a $503,000 loan to refinance a Washington townhouse and a $275,042 loan to refinance a loan on his home in East Haddam, Conn.
The article said Countrywide waived fractions of points on the loans, a move that likely saved Sen. Dodd money. The lower interest rates could have saved Sen. Dodd combined $75,000 during the life of the 30-year loans, though this could be difficult to measure because the mortgages were reportedly adjustable-rate loans. Since then, the Senate Banking Chair has been asked to release the info about about this possible conflict of interest, but he has been stonewalling:
(Excerpt) Read more at yidwithlid.blogspot.com ...
Wouldn't this, by definition, be considerd a $75K bribe of an elected official, or is it defined as 'business as usual' for the Party of Corruption?
Not a big deal compared to what the Clintons picked up from the Red Chinese Army via the Lippo Bank.
He and Bawney Frank deserve to swing from a bridge ofve the Potomic.
Because he can.
Probably because, like Barack Helmsley Obama, some people are too big to fail and thus they remind us:
"We don't explain. Only the little people have to explain."
(Leona "Queen of Mean" Helmsley: "We don't pay taxes. Only the little people pay taxes.")
.. or like Obama Dodd is an Isflamist, what he says is flam as in flim flam.
L
L
I assume the question in the title is rhetorical.
“Because he can”
Bingo. It is very unlikely that Dodd would lose an election because of this mortgage thing. He can just wait it out until the press gets tired of bringing it up.
Dodd has been a chiseler his entire career. The preferential loan is only a minor example of how he has wet his beak.
Senatorial privelege.
He can drown a woman or two if he wants and get away with it completely. This is a useful right for Senators so that they may get rid of inconvenient, used up, or slightly pregnant mistresses.
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