Dave Ramsey Today Plus “Dump Dodd 2010”

Great show today. Fox Business Channel’s Dave Ramsey, out of Nashville, will be joining us this morning to talk personal finance … and the folks who are campaigning to Dump Dodd in 2010 will sound off later in the show.

Just to wet your appetite … here’s my classic Dave Ramsey moment.


Waiting For Dodd


Still … the Wall Street Journal asks “Where are those papers?” … the Politico, on the other hand … looks for redemption. We are happy its still in the news.

The rest of the press corps may have moved on, but we’d still like to know. All the more so because former Countrywide Financial loan officer Robert Feinberg told us last fall that Mr. Dodd knowingly saved thousands of dollars on his refinancing of two properties in 2003 as part of a special program for the influential. Mr. Feinberg also reported that he has internal company documents that prove Mr. Dodd knew he was getting preferential treatment as a friend of Angelo Mozilo, Countrywide’s then-CEO, and Mr. Feinberg has offered to provide those documents to investigators.

Meanwhile over at the Politico …

This past year was not a particularly good one for Sen. Chris Dodd.
Wall Street crumbled as Dodd distracted himself with a failed presidential bid. And some of the financial titans who helped fund his campaign sit atop the very firms at the center of the collapse.

Top that off with revelations that a chief executive at Countrywide — a firm at the head of the mortgage meltdown — reportedly cajoled his colleagues into offering Dodd special terms on a home loan. So redemption is the Dodd theme in 2009.


Dodd Review

Great review of the Chris Dodd, Countrywide mortgage fiasco on Face The State on Channel 3 today. Nothing new but it is a very good roundup including Dodd’s promise to release his mortgage papers (6 months ago) and his subsequent denial.


Dodd still keeping his mouth shut

Did he think we would forget? Senator Chris Dodd (D-Conn.) got a break on his two mortgages and people were pretty wound up about it. Since he’s the chairman of the Senate Banking Committee people have a right to be wound up.

First he said that the details about his deal with Countrywide would be released at some point. Then he said that he wanted to wait until after the Senate hearings, and then he would release them after the president signed the – at the time – $300 billion bank bailout bill. (a.k.a Crap Sandwich 1.0)

All I hear are crickets; and maybe a jackhammer or two as liberals tear down private enterprise in this country.

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Your local bank is in fine shape, thank you

Earlier today, Chris Dodd – senator from Connecticut and Senate Banking Committee chairman – stopped by the Sheraton Hotel at Bradley Airport to meet with Connecticut business and labor leaders. He hoped the market would react positively to the federal government taking over a good chunk of the U.S. housing market.

As of noon ET, it’s not working out too well. But something mentioned at the bottom of an AP article in the Hartford Courant should be highlighted.

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Questions Remain Unanswered About Dodd Mortgages

In yesterday’s Hartford Courant, Kevin Rennie reminds us that we still have not gotten any solid information concerning the mortgage deal that Chris Dodd – Democrat senator from Connecticut – got on his two refinances back in 2003.

Rennie brings up questions from my original post on the subject June 17. Read more

Taking a Closer Look at Dodd’s Mortgage (Updated July 21)

Since I’m one of his constituents here in Connecticut, I figured that I would take a closer look at the two mortgages that Chris Dodd and his wife received on his property here in-state and in Washington D.C. As I write this post, I’m assuming Dodd did not ask for special treatment.

[Update June 18] He may have not known he received special treatment, but now he says he knew he was on a VIP list at Countrywide.

But there is one thing that really stood out for me when the particulars of his mortgages were released; the 30 year interest rate – fixed only for the first five years – the Dodd’s received.

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