Courant Calls Dodd Out
Sunday, the Hartford Courant came out and said what thousands of Connecticut voters have been demanding for months – the full disclosure of Sen. Chris Dodd’s mortgage documents through Countrywide Financial, the sub prime lender that provided sweet deals to Washington, D.C. insiders.
The headline urged Sen. Dodd to “stop the waffling,” and cough up all the paperwork surrounding his two mortgage arrangements through a special program run by Countrywide’s CEO Angelo Mozillo.
“U.S. Sen. Christopher J. Dodd says he’s got nothing to hide. Yet for months he’s issued confusing and conflicting statements on whether he’ll publicly release documents relating to two loans he and his wife received from failed mortgage giant Countrywide Financial Corp.”
“Confusing and conflicting” are what liberal media used to soften what real people call “lying.”
“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.”
“Countrywide collapsed last year and was acquired by Bank of America. Its failure sent shock waves through the economy and raised the question of why Congress didn’t act sooner to curb subprime lending by Countrywide and others. “
“That question becomes even more pointed when directed at Mr. Dodd — now chairman of the Senate’s banking committee — in light of his preferential treatment from Countrywide.”
“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.”
The speculation on why Dodd holds despite plea’s from his inner circle to get them out and deal with them. None of Sen. Dodd’s options are pleasant. First, information in those documents are certain to expose Sen. Dodd to ethical, civil or criminal action. Any one or more of those options makes his life completely unmanageable and politically toxic. Many Democrats in Connecticut are worried and many are conveniently absent when Dodd is in town, something unheard of a year a go.
However, one Democrat who is always around to offer good cheer is 1st District Congressman John Larson. He is comfortable around lawmakers who are ethically challenged. Remember he was a friend of ex-Congressman William Jefferson, D-LA, and gave his thousands for his legal defense fund, in exchange for a leadership vote?
Dodd staffers claim a Senate Ethics Investigation is looking into the matter and they can’t disclose any information, which would be laughed at if a Republican offered that excuse. Nothing legally prevents the release of rudimentary mortgage documents and the Senate Ethics Committee is as transparent an operation as election of a Pope and even then, there is not black or white smoke when they are done.
Nope, there’s something there in those documents and it ain’t pretty.
So Sen. Dodd goes about his business in a dream-like state, comically asserting at public hearings and press conferences that CEO’s should be held accountable for their compensation while he continues to reap the rewards of being a Senator who is responsible for the nation’s financial systems while living large off a financial giant’s largess.
The truth is out there and we will get it soon.
(Photo credit: Hartford Courant)
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