Sen. Chris Dodd said Monday that the controversy over two loans he received will not compromise his ability to lead Congress' efforts to ease the subprime mortgage meltdown.
Dodd, D-Conn., chairman of the Senate Banking Committee, also repeated that he received no special treatment from Countrywide Financial Corp. (CFC, Fortune 500) His comments came before a speech to the Greater Danbury Chamber of Commerce.
"No. I don't think so at all," Dodd told The Associated Press, when asked if the mortgages he received would affect his high-profile role in seeking to stem the nation's housing foreclosure crisis.
Conde Nast Portfolio's Web site first reported more than a week ago that Countrywide made two loans at special rates to Dodd in 2003 to refinance homes in Washington and East Haddam, Conn.
The loans were reportedly part of a "V.I.P." program that gave preferential rates to "friends" of the company's chairman and chief executive, Angelo Mozilo. Several other notable politicians were participants in the program, the magazine said.
Dodd said on Monday that he and his wife refinanced their homes like millions of Americans did at the time and got a "market rate."
So, “market rate” eh? How is it that the “market rate” was different for you and only a few people in the “VIP” program? That’s not “market rate” at all. But please, continue to lie and blow smoke:
Dodd said he would have "walked away from it in a New York minute" if he had believed he was getting a special deal from Countrywide, a leading subprime lender at the center of the mortgage meltdown.
Well now that you’ve seen that you WERE getting a special deal from Countrywide, there’s an easy fix: Refinance at a higher rate. But of course, you won’t do that. You’re either a liar, an idiot or both. You’ll fit in well with Hillary.
Any of my Democratic readers care to counter argue with me on this one? I’d LOVE to hear someone defend this creep.
Travis
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