Posts

The Heat Is On

OK … lukewarm … but both the Hartford Courant ..

Mr. Dodd should have released the documents months ago. Countrywide was a major player in the subprime mortgage debacle. Five years ago, it issued the loans to Mr. Dodd, then a member of the Senate banking committee, as part of the company’s VIP program, trimming the upfront costs for refinancing two of the senator’s homes and allowing the rates to “float down” as interest rates dropped.

… His continued waffling about whether or when he’ll release the documents only fans speculation. That’s a disservice to Mr. Dodd’s constituents, who deserve straight talk and accountability from the state’s senior senator.

and The Day in New London …

To clear things up, Sen. Dodd’s office promised eight months ago to release all the mortgage documents, but the senator keeps coming up with excuses not to. He now says he will await the completion of a Senate Ethics Committee investigation. He hasn’t explained why, and we haven’t figured out a good reason.

The Wall Street Journal said it well: “Rare is the politician who could clear his name overnight and chooses not to.”

We again ask Sen. Dodd to release the information. He must know that the continued stalling looks very bad.

OK, neither one exactly puts the old boy on the hot seat. So … as a refresher  … here’s the NBC report.

httpv://www.youtube.com/watch?v=2w3SgFOR9nY

If we’re doing a running tally, it’s us (SOC), Kevin Rennie, Instapundit, NBC News, Rick Green, The Wall Street Journal, The New York Times, and now the Courant and The Day.

Waiting For Dodd

dodd-1

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.

Indeed!

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.

httpv://www.youtube.com/watch?v=aQua_4395o0

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.

Read more

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.

Read more