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Chris Dodd Under Investigation for Sweetheart Mortgage Deal
The Weekly Standard ^ | 10/30/08 | Brian Faughnan

Posted on 10/31/2008 3:47:35 PM PDT by randita

Chris Dodd Under Investigation for Sweetheart Mortgage Deal

NBC news reports that the Justice Department has begun an investigation into whether Countrywide Financial Corp used the 'Friends of Angelo (Mozilo)' program to buy influence with Senators Chris Dodd (D-CT), Kent Conrad (D-ND), and others. According to a senior Countrywide official who handled its VIP program, there was no way Dodd and Conrad could not have known they were getting a special deal:

...Feinberg says part of his job was to hammer home to the V.I.P. clients that they were getting special deals.

"You spoke in a manner that was different than you spoke with a regular customer," said Feinberg. "'Your loan has been specially priced by Angelo.' 'You're getting special discounts because you're in the V.I.P. loan department."

So what would a "Friend of Angelo" get that an average customer would not? According to Feinberg, the possible benefits ran the gamut.

"They got a discount on the interest rate," said Feinberg. "They got discounts on their fees. They got a free floatdown option before closing..."

"There were many, many taglines we used to let them know their level of importance to make sure that they understand where they're located," said Feinberg. "And nine times out of ten, once you mention 'V.I.P' the person's gonna ask you 'what am i getting for being in this V.I.P department?' Or 'what am I getting because I know Angelo?' Or 'I talked to Angelo and he said I'm getting this...'"

Feinberg says he's not aware of any discounts linked to favors, but he did see e-mails noting the potential value of the relationships to Countrywide's political and business interests. The e-mails noted one particular client was "of importance to Countrywide." Another encouraged a discount, noting "they are incredibly important to us." Yet another asked that the loan officer, "make an exception" in Countrywide's lending rules, "due to the fact that the borrower is a Senator."

If Dodd and Conrad somehow missed the special treatment they were receiving, Feinberg's testimony suggests that it was only because they chose not to listen. Nevertheless, Dodd is still refusing to release the paperwork related to his loans--information he promised to share weeks ago.


TOPICS: Business/Economy; Crime/Corruption; Government; News/Current Events; US: Connecticut
KEYWORDS: 110th; chrisdodd; corruptdems; countrywide; digg; dodd; mortgage; perks
Searched and didn't see this posted.
1 posted on 10/31/2008 3:47:36 PM PDT by randita
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To: randita
He's got to be innocent! He's a DemocRAT! This is just a "political witchhunt!"

sarc/off

2 posted on 10/31/2008 3:49:58 PM PDT by FlingWingFlyer (I'm voting for McCain/Palin so I can look my grandchildren in the eyes when I tell them I'm sorry.)
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To: randita

Praise GOD!

LLS


3 posted on 10/31/2008 3:50:21 PM PDT by LibLieSlayer (GOD, Country, Family... except when it comes to dims!)
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To: randita

Dodd should share a cell with Stephens.

Only what Dodd did was 1,000 times worse, because his bribed malfeasance crashed the entire economy.


4 posted on 10/31/2008 3:50:42 PM PDT by Travis McGee (--- www.EnemiesForeignAndDomestic.com ---)
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To: randita

DoddGamed America!


5 posted on 10/31/2008 3:51:52 PM PDT by Moorka
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To: randita

Well..........it’s about effing time!!!

bttt!!!!!


6 posted on 10/31/2008 3:52:33 PM PDT by CaliforniaCon
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To: nutmeg

I wonder if Dodd’s current term will be his last?


7 posted on 10/31/2008 3:53:15 PM PDT by Clintonfatigued (If Islam conquers the world, the Earth will be at peace because the human race will be killed off.)
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To: randita

This should be on digg.


8 posted on 10/31/2008 3:53:21 PM PDT by murphE ("It is terrible to contemplate how few politicians are hanged." - GK Chesterton)
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To: randita

Dodd under investigation, ObamaRezko next? $300,000 discount and a kneepad loan of his own, hayna? Or no?


9 posted on 10/31/2008 3:53:24 PM PDT by flowerplough (Obama, Oct. 7 debate: " You know, a lot of you remember the tragedy of 9/11 ...")
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To: Travis McGee

Is this another “go no where” investigation story of a corrupt DemocRAT we’ll never read about again?


10 posted on 10/31/2008 3:53:33 PM PDT by TribalPrincess2U (Is ACORN founder Wade Rathke, a Bill Ayers Weather Underground Associate)
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To: CaliforniaCon

Get those cells warmed up, theres more to come.We demand justice!


11 posted on 10/31/2008 3:54:30 PM PDT by ronnie raygun (THE NEW MILLIONAIRES CLUB : YOUR FRIENDLY NIEGHBORHOOD CONGRESSMEN)
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To: randita

Best news I’ve heard all day!


12 posted on 10/31/2008 3:54:30 PM PDT by ConservativeGreek
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To: randita

“chris dodd under investigation...”

and the result?

(hint: democrats can do nothing wrong and are immune from the laws that govern the rest of humankind.)

IMHO


13 posted on 10/31/2008 3:54:41 PM PDT by ripley
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To: randita

Dodd under investigation? It’s about time. Now let’s also go after a few other like Bawney Fwank.


14 posted on 10/31/2008 3:55:21 PM PDT by From The Deer Stand
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To: randita

Why is there a Digg keyword in this post? There is no Digg link anywhere.


15 posted on 10/31/2008 3:56:12 PM PDT by GodGunsGuts
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To: TribalPrincess2U

For sure, if Barack Odingo is elected.


16 posted on 10/31/2008 3:56:21 PM PDT by Travis McGee (--- www.EnemiesForeignAndDomestic.com ---)
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To: randita

If they find him guilty, since he’s a Demonkat, what will they do to him, deprive him of Happy Hour for a day?


17 posted on 10/31/2008 3:57:28 PM PDT by webschooner
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To: randita

I’ve loathed that SOB for decades, and while I’d prefer he was charged for un-natural acts committed with Daniel Ortega, I’ll settle for anything. He’s a despicable, slimy, treasonous blow-dried bastard.


18 posted on 10/31/2008 3:57:50 PM PDT by VR-21
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To: randita

Get Barney Frank too!


19 posted on 10/31/2008 3:58:06 PM PDT by CycloneGOP
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To: GodGunsGuts

Don’t know anything about digg.

I also heard Hannity mention this today on the radio. That’s why I looked up the article.


20 posted on 10/31/2008 3:58:41 PM PDT by randita
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To: randita

Its about time.Little Chris has some very dirty hands.


21 posted on 10/31/2008 4:00:04 PM PDT by puppypusher (The world is going to the dogs.)
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To: randita

I wonder who the “others” are, and if they’re in Congress too.


22 posted on 10/31/2008 4:00:16 PM PDT by mass55th (Courage is being scared to death - but saddling up anyway...John Wayne)
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To: randita
Oh yes please!

I've been hoping for years that this corrupt lowlife would make that one misstep that would open the door to an investigation. I'm hoping that Dubya plans to give all these scumbags a DOJ butt reaming as a final FU on his way back to Crawford. That would be sweet.

23 posted on 10/31/2008 4:00:30 PM PDT by IoCaster ("That to live by one man's will became the cause of all men's misery." - Richard Hooker)
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To: ripley
Hi Ripley!

Even though I am a very optimistic about a huge McCain win I am NEVER optimistic about a member of Congress being convicted of anything. Even the Republicans run to protect their fellow members from any prosecution of any kind. Think William Jefferson.

They know it will force them to uncover their own corrupt activities.

Sadly I do not believe anything will come of this.

24 posted on 10/31/2008 4:00:44 PM PDT by fuzzybutt
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To: GodGunsGuts

I didn’t type that Digg keyword in there. It must have automatically been triggered somehow.


25 posted on 10/31/2008 4:00:44 PM PDT by randita
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To: randita
"Dodd is still refusing to release the paperwork related to his loans--information he promised to share weeks ago."

He knows that if 0bama wins, this little problem will go away. He thinks he's above the law just like his daddy...looks like he's right.

26 posted on 10/31/2008 4:02:02 PM PDT by GBA
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To: randita
Chris Dodd Under Investigation for Sweetheart Mortgage Deal

WHOAAAAAAAAAAAAAA!!!!!!!!!!!!!! LOOK OVER THERE SARAH PALIN IS HAS A WARDROBE WORTH 150,000 DOLLARS! OH WAIT JOHN MCCAIN KEATING 5!! HAVE WE MENTIONED MARK FOLEY LATELY?
27 posted on 10/31/2008 4:03:01 PM PDT by TheRedSoxWinThePennant
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To: Pride in the USA; Stillwaters

ping


28 posted on 10/31/2008 4:04:41 PM PDT by lonevoice (Ich bin ein plumber)
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To: randita

Does anyone know the Digg link for this?


29 posted on 10/31/2008 4:05:23 PM PDT by netmilsmom ( Obama And Osama both have friends who bombed the Pentagon)
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To: From The Deer Stand

Congress has become a corrupt playground. The fact that Barney Frank has not stepped down and is not being investigated is just pathetic. Criminals are running our country and getting away with it. Who calls for investigations? Is it Bush?


30 posted on 10/31/2008 4:06:17 PM PDT by dandiegirl
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To: randita

All about timing. Right before the election! Sort of like when Foley was going down (no pun intended) for chasing Pages right before the 2006 congressional races

Will the public care? Will the media cover this?


31 posted on 10/31/2008 4:09:09 PM PDT by CycloneGOP
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To: ripley
and the result?

President for Life Idi Amin 0bama will pardon him, Rezko, Frank and any number of DemoRAT do-badders on January 21.
.
.
.
UNLESS we make sure he goes down in flames next Tuesday.

32 posted on 10/31/2008 4:11:16 PM PDT by ssaftler (Documentaries about the 2008 election: "The Manchurian Candidate" and "Idiocracy")
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To: randita
Nothing will happen. All RATS are above the law and perjury if committed is not a RAT crime.
33 posted on 10/31/2008 4:25:58 PM PDT by Logical me (Oh, well!!!)
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To: GBA

That apple didn’t fall far from the tree did it?


34 posted on 10/31/2008 4:29:23 PM PDT by csmusaret (Mortgage meltdown, $4.00 gas, stockmarket meltdown. Welcome to the Pelosi/Reid economy.)
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To: randita
Geez whats next.......?


35 posted on 10/31/2008 4:36:53 PM PDT by Lady GOP
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To: Moorka
DoddGamed America!

VERY clever!

36 posted on 10/31/2008 4:38:26 PM PDT by WhyisaTexasgirlinPA (Obama prays to himself: "The prayer that I tell myself every night ...")
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To: csmusaret

Nope and just as rotten.


37 posted on 10/31/2008 4:40:49 PM PDT by GBA
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To: CaliforniaCon
I hope this long time despicable crook is going down,big time. Christopher J. Dodd is his name.
38 posted on 10/31/2008 4:52:45 PM PDT by BARLF
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To: randita
Nut tree

Thomas Joseph Dodd (1907-1971) — also known as Thomas J. Dodd — of Lebanon, New London County, Conn.; West Hartford, Hartford County, Conn. Born in Norwich, New London County, Conn., May 15, 1907. Son of Thomas J. Dodd and Abigail (O’Sullivan) Dodd; married, May 19, 1934, to Grace Murphy; father of Christopher John Dodd. Lawyer; delegate to Democratic National Convention from Connecticut, 1948, 1952, 1956, 1960; U.S. Representative from Connecticut 1st District, 1953-57; U.S. Senator from Connecticut, 1959-71; defeated, 1956 (Democratic), 1970 (Dodd Independent). Catholic. Member, American Bar Association; Elks; Knights of Columbus. Censured by the Senate on June 23, 1967 for financial improprieties, having diverted some $116,000 in campaign and testimonial funds to his own use. Died of a heart attack, in Old Lyme, New London County, Conn., 1971. Interment at St. Michael's New Cemetery, Pawcatuck, Stonington, Conn.

* See also Dodd family of Connecticut
* See also: congressional biography.

39 posted on 10/31/2008 5:45:03 PM PDT by Raycpa
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To: writer33; AT7Saluki; Liz
NBC news reports that the Justice Department has begun an investigation into whether Countrywide Financial Corp used the 'Friends of Angelo (Mozilo)' program to buy influence with Senators Chris Dodd (D-CT), Kent Conrad (D-ND), and others.

Perp walk at 11...

40 posted on 10/31/2008 5:46:09 PM PDT by Libloather (October is Liberal Awareness Month.)
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To: randita
From last month...

Senator Hides His Sweet Deals When Will He Release Records?

41 posted on 10/31/2008 5:49:17 PM PDT by mewzilla (In politics the middle way is none at all. John Adams)
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To: Libloather
Perp walk at 11...

Frog march I tell you. Frog march!

42 posted on 10/31/2008 7:07:38 PM PDT by writer33 (Rush Limbaugh Is "The Passion" of Conservatism And Pretty Good At That Radio Thingy)
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To: Libloather
About time this thief gets his due. Drawn and quartered sounds good (too bad the penal system did away with that).

=============================================

Since June, Sen Dodd has faced an ethics inquiry over allegations that he received preferential treatment on two mortgages in 2003 from major lender, Countrywide Financial. And then came the dramatic financial meltdown last month, placing Dodd at the center of a controversial $700 billion financial rescue plan.

As a member and later chairman of the Senate Banking Committee, Sen. shoulders a good deal of the blame for the collapse of the national housing market, the subprime-mortgage-market meltdown and the convulsions on Wall Street.

Reams of legislation Dodd has written or advocated affecting the housing, lending, insurance and securities industries have drained hundreds of billions out of the economy, ballooned the federal debt, cost tens of thousands of people their jobs and driven hundreds of thousands of homeowners into foreclosure, bankruptcy or both.

For his efforts, Sen. Dodd has been rewarded in the 2008 election cycle alone with $7.65 million in campaign contributions (he took in $11.7 million in all) from the securities, insurance, real-estate and commercial-banking industries. With $165,400, Sen. Dodd also tops the list of members of Congress who took campaign cash from Fannie Mae and Freddie Mac since 1989. Sen. Barack Obama, the self-styled agent of change, is a distant second at $126,000....

SEN DODD'S CAMPAIGN CONTRIBUTORS
Citigroup, $310,294;
SAC Capital Partners, $282,000;
United Technologies, $263,400;
AIG, $224,678;
Bear Stearns, $205,600;
St. Paul Travelers, $205,400;
Royal Bank of Scotland, $203,750;
Goldman Sachs, $175,600;
Morgan Stanley, $155,000;
Credit Suisse, $154,550;
Merrill Lynch, $134,950;
The Hartford, $94,350;
Bank of America, $91,300;
JPMorgan Chase, $129,150;
USB, $101,900;
Hartford Finance Services, $101,500
Lehman Brothers, $128,400;
KPMG, $113,100;
General Electric, $108,250;
Deloitte Touche, $108,000

43 posted on 11/01/2008 5:16:50 AM PDT by Liz (Q. How long does a US Congressman serve? A. Until he gets caught. Carnac (Johnny Carson))
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To: randita
Mark Twain once said,
"America is a nation without a distinct criminal class... with the possible exception of Congress."

44 posted on 11/01/2008 5:21:50 AM PDT by babbabooey
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