http://banking.senate.gov/public/
Senator Dodd, number one recipient of lobby funds from FNMA since 1989 (with Obama being #2)
Feb, 2007
“For many years, the battle so many of us fought was to make credit available to neighborhoods that had been redlined, or to people, particularly minorities, who felt the sting of rejection regardless of their creditworthiness.
In response to this injustice, and after years of hard work by people like Reverend Jackson, Hilary Shelton, and many, many others, we passed the Community Reinvestment Act and the Fair Housing Act, so that credit to buy a home or build a business would be available to all Americans.
As a result, we have seen homeownership grow. Every one of us has spoken about homeownership – how it provides stability and a chance to build wealth for the vast majority of Americans. It is the most valuable asset that most of us own. Our homes provide us with a financial cushion on which we can draw to send our children to college, pay for unexpected health care expenses, or finance a secure retirement.
To the extent that the creation of the subprime market has added to this flow of credit in a positive and constructive way, in a way that helps build wealth – I welcome the development.”
Chris Dodd, Chairman Senate Banking Committee and grateful receipient of a preferential Countrywide mortgage
Senator Dodd, number one recipient of lobby funds from FNMA since 1989 (with Obama being #2)
Feb, 2007 “For many years, the battle so many of us fought was to make credit available to neighborhoods that had been redlined, or to people, particularly minorities, who felt the sting of rejection regardless of their creditworthiness. In response to this injustice, and after years of hard work by people like Reverend Jackson, Hilary Shelton, and many, many others, we passed the Community Reinvestment Act and the Fair Housing Act, so that credit to buy a home or build a business would be available to all Americans. As a result, we have seen homeownership grow. Every one of us has spoken about homeownership – how it provides stability and a chance to build wealth for the vast majority of Americans. It is the most valuable asset that most of us own. Our homes provide us with a financial cushion on which we can draw to send our children to college, pay for unexpected health care expenses, or finance a secure retirement.
Dodd should be arrested and hung at dawn ( metaphorically speaking)