Posted on 12/24/2008 7:54:43 AM PST by george76
Isn't it time that U.S. Sen. Christopher J. Dodd came clean and released documents on two mortgages hew received from Countrywide Financial Corp. that has already sparked a Senate ethics inquiry?
Following a meeting in Westport on Monday with Fairfield County labor leaders, Connecticut's senior senator once again hedged on saying when he would release the documents. Dodd continues to say the information will be forthcoming but he refuses to say when.
Well, it's been five month since the disclosure that Dodd and another senator may have received preferential treatment in 2003 on mortgages from Countrywide Financial, which was later implicated in the sub-prime mortgage scandals and eventually was taken over by Bank of America.
When the disclosure came, Dodd said he never sought preferential treatment from Countrywide and pledged he would disclose information about the loans. However, since then it's been one hedge after another when he's asked about the matter.
Full disclosure is key because Dodd is chairman of the Senate Banking Committee and is at ground zero in the nation's Capitol in trying to put a stop to America's economic meltdown.
poll of registered state voters released last week, that Dodd's popularity rating is at an all-time low of 47 percent.
(Excerpt) Read more at connpost.com ...
Dodd’s popularity rating is at an all-time low of 47 percent
No recession for Dodd
http://www.rep-am.com/articles/2008/12/13/opinion/385488.txt
With the 2006-08 election season quickly receding, it’s time to take stock on how Chris Dodd did. To recap: While the housing and lending industries, overseen by the Banking Committee he chairs, were crumbling, Sen. Countrywide took 2007 off to run for the Democratic presidential nomination, eventually moving to Iowa to be closer to the voters he really cared about. Hey, with nearly $17 million in campaign dough, with his Senate pay and expense checks still coming in, and with all the money he’d saved on his mortgages, he could afford it.
The more than $16 million spent bought him 0.04 percent of the vote in the Iowa caucuses last January, earning him one of the 2,501 delegates to the Iowa Democratic State Convention.
Where did Sen. Dodd get all his campaign cash? Opensecrets.org, which compiles Federal Election Commission data, reports Sen. Dodd was the Senate’s No. 1 recipient of grease from cruise lines; No. 2 from finance and credit companies; No. 3 from hedge funds and savings and loans; No. 4 from accountants, commercial banks, insurance, mortgage bankers and brokers, private equity and investment firms, the real estate industry, and security and investment companies; and No. 5 from lobbyists. (Among the top 5 in all those categories: Barack Obama and Hillary Rodham Clinton.)
Taxpayers, too, chipped in almost $2 million toward Sen. Dodd’s quixotic campaign. As of Oct. 31, he had $520,831 left over, which in due course he will transfer to his senatorial campaign to give him a fund-raising leg up for his 2010 re-election bid. In between, he has pledged to stay on as Banking Committee chairman in the next Congress. Why not? With all the bailout money the government is giving away to all the industries that give money to him, some of it’s bound to make it into one or more of Sen. Dodd’s pockets.
Congress drove the economy into a ditch then gave themselves a pay raise. Who do they think they are bailed out CEOs?
Why is there a Senator Dodd?
Gee waht a surprise an elected CROOK.
Gee what a surprise an elected CROOK.
he’s decided that he’ll release the documents when Kerry signs the 180.
What a terrible indictment of the morals and discernment of Connecticut citizens!
He's probably under some pressure from his bank and finance "contacts" that are still employed to make things go back to the way they were.
Expect full disclosure Wednesday, 12/31/08 at 11:00 PM.
He is waiting until he see the campaign donation committment. In the words of the Great Rod Blagojevich ... “This is a lot of money, I am not giving it away for nothing!”
The question that should be asked is “Have you made any payments on the loan? Do you make a regular monthly payment”
The house was a gift hidden behind the fig leaf of a special mortgage.
What happened to Dodd’s problem with Ethics — oh, wait, he’s a Demwit. Thanks geo.
still waiting
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.