Sen. Chris Dodd (D-Conn.) said he and his wife knew Countrywide Inc. was treating them as “VIP” customers when they refinanced mortgages on two homes in 2003, but that it did not cross his mind he was getting a financial perk from the sub-prime lender.
Dodd, who as chairman of the Senate Banking Committee oversees mortgage lenders, said he did not ask and Countrywide’s representatives did not say what the VIP treatment entailed.
Dodd, who as chairman of the Senate Banking Committee oversees mortgage lenders, said he did not ask and Countrywide’s representatives did not say what the VIP treatment entailed.
“We knew at the time that we were being dealt with within a special section of the company,” Dodd explained. “We really just assumed it was a courtesy, because we had an existing mortgage with them — two mortgages with them.”
He noted that he and his wife, Jackie Clegg, were pre-existing customers with excellent credit. He said she assumed that they were merely going to receive more attentive customer service.
He said he had never sought nor had any knowledge of any special rate he was getting from Countrywide.
“As a member of the U.S. Senate over these many years, the idea of asking or seeking any kind of financial preference, whether it’s on home mortgages or anything else, I completely reject. And any offer that ever would be made I would terminate immediately,” he said.
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1 comment:
Dodd is like many other Law Makers who benefited from the corrupt Bush Administration. Look favors were given and deals were made by all while the crime wave ran free. Most of these Law Makers brought second and third homes with their kick back money. Pelosi changed up fast when she got the Speaker of the House job so we know she got paid. Feinstein's husband was given Government contracts for her cooperation. Boxer stayed strong until they made her an offer she couldn't refuse as she let Vitters and Craig walk free from their crimes in the Ethic Meeting. Reid knows he got his land deal and Leahy had to get paid for he changed so fast. We have White House criminals that even a first year law student to find them guilty beyond a reasonable doubt yet these Senior Law Makers do nothing but pray.
Law Makers got paid for their support and looking for more money.
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