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Dodd, Conrad Cleared in Ethics Probe on Countrywide Loans (Friday pm news dump)
Market Watch ^ | August 7, 2009

Posted on 08/07/2009 2:35:32 PM PDT by khnyny

WASHINGTON (MarketWatch) -- Two key Democrat senators were cleared by the Senate Ethics Committee on Friday from year-long investigations about whether mortgages they obtained from Countrywide Financial Corp. violated the senate's rules on gifts.

The bipartisan committee, which supported the decision unanimously, did scold the senior lawmakers, Senate Banking Committee Chairman Christopher Dodd, D-Conn., and Senate Budget Committee Chairman Kent Conrad, D-N.D., for not being more careful in their dealings.

"While the committee finds no substantial credible evidence as required by committee rules that your Countrywide mortgage violated Senate ethics rules, the committee does believe that you should have exercised more vigilance in your dealings with Countrywide in order to avoid the appearance that you were receiving preferential treatment based on your status as a senator," the committee told both Dodd and Conrad.

(Excerpt) Read more at marketwatch.com ...


TOPICS: Crime/Corruption; Government; Politics/Elections; US: Connecticut; US: North Dakota
KEYWORDS: 111th; bankingcrisis; bribe; chrisdodd; congress; conrad; corruption; countrywide; cultureofcorruption; democratscandals; dodd; doddscandals; graft; injusticedepartment; kentconrad; payoff; probe
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To: khnyny

Cleared? Sheesh..........


21 posted on 08/07/2009 3:08:35 PM PDT by b4its2late (Ignorance allows liberalism to prosper.)
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To: Marysecretary

What a whitewash.


22 posted on 08/07/2009 3:11:41 PM PDT by Eric in the Ozarks
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To: rockabyebaby

>> Of course he did..............where’s the freakin’ BARF ALERT! These people get away with EVERYTHING, including MURDER. <<

Uncle Ted can attest to that.


23 posted on 08/07/2009 3:11:41 PM PDT by GraceG
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To: nutmeg; neverdem; justiceseeker93; ExTexasRedhead; fieldmarshaldj; AuH2ORepublican; Impy; ...

This is a huge whitewash!!!


24 posted on 08/07/2009 3:31:45 PM PDT by Clintonfatigued (Liberal sacred cows make great hamburger)
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To: Clintonfatigued

On a positive note, it helps Dodd to survive a primary.


25 posted on 08/07/2009 3:32:55 PM PDT by yongin
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To: Clintonfatigued

It could have been worse—they could have said that Conrad was wholly innocent and Dodd guilty as sin, forcing Dodd to announce that he would not be seeking reelection (thus making CT AG Blumenthal the likely frontrunner and reducing our odds of winning the Senate seat from 60% to 20%) in return for keeping his Senate seat for another 17 months (and his congressional pension for life) and staying out of jail.


26 posted on 08/07/2009 3:37:27 PM PDT by AuH2ORepublican (Fred Thompson appears human-sized because he is actually standing a million miles away.)
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To: GraceG

EXACTLY!


27 posted on 08/07/2009 4:37:01 PM PDT by rockabyebaby (We are sooooooooooooooooooooo screwed!)
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To: Eric in the Ozarks

Exactly. Only the democrats can get away with it though. Can you imagine the brouhaha if it were a conservative or a republican? (I rarely put the two together, LOL.)


28 posted on 08/07/2009 6:07:01 PM PDT by Marysecretary (GOD IS STILL IN CONTROL!)
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To: Eric in the Ozarks

Exactly. Only the democrats can get away with it though. Can you imagine the brouhaha if it were a conservative or a republican? (I rarely put the two together, LOL.)


29 posted on 08/07/2009 6:07:29 PM PDT by Marysecretary (GOD IS STILL IN CONTROL!)
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