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Chris! Say It Ain't So!!

chris doddIt's not like we're friends or anything... but as a "politically interested" person - and someone who looks at the Senate Banking Committee website at LEAST once a week to check on Housing Bills...

I kind of felt like I knew something about the moral ethics of Christopher Dodd, Senator to the Great State of Connecticutt, and Chairman of the U.S. Senate Committee on Banking, Housing and Urban Affairs.  As a Democrat (it's okay- Steve's a republican so we balance each other out), I kinda' felt he would be a good Veep for Obama... but sadly...

"Dodd admitted Tuesday that he and his wife were told during their 2003 loan process with Countrywide Financial Corp. that they were being included in a special VIP program, but the senator - one of the most powerful congressional voices on the regulation of the mortgage industry - didn't ask what that meant"  HUGH???

So right when he's pushing for a foreclosure and housing package that will affect millions of Americans (potentially, if it has any teeth and IF IF IF they can get Barney and the US House of Represenatives to agree to it), Dodd denies knowing that he got a "sweet deal?"

"There are a ton of old jokes that abound on Capitol Hill around what's known as the "ostrich defense," and this is teeing up one for the record books. Senator gets a great mortgage, and is told he's in a VIP program - but doesn't think for a minute that being a VIP got him special treatment."  Right!?

Wonder if he "shopped" his lender, or did Mozillo just "waive" the origination fee??? 

Comment balloon 4 commentsEleanor Thorne • June 18 2008 02:17PM
Chris! Say It Ain't So!!
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