CHRIS DODD, THE SENATOR FROM CONNECTICUT WITH NO MORALS
WALL STREET JOURNAL REPORTS IN ITS FRIDAY, OCTOBER 10, 2008 ISSUE AS FOLLOWS: THE CONNECTICUT SENATOR IS DENOUNCING THE COMPANIES THAT FORM THE FINANCIAL FOUNDATION OF OUR FINANCIAL MARKETS. HE CALLED THEIR INSATIALBLE APPETITE FOR RISK. HE DECRIED RECKLESS CARELESS AND SOMETIMES UNSCRUPULOUS ACTORS IN THE MORTGAGE LENDING INDUSTRY. AND HE PROCLAIMED THAT AMERICAN TAXPAYERS DESERVE TO KNOW HOW WE ARRIVED AT THIS MOMENT. "THE WALL STREET JOURNAL PROPOSED THAT HE TAKE THE STAND-UNDER OATH. " REMEMBER DODD SAVED THOUSANDS OF DOLLARS ON TWO PROPERTIES HE REFINANCED IN 2003 AS PART OF A SPECIAL PROGRAM COUNTRYWIDE HAD FOR THE INFLUENTIAL. FRIENDS OF ANGELO, THAT IS ANGELO MOZILLO, THE HEAD OF COUNTRYWIDE, THEIR CEO. IN RESPONSE TO THE COMMENT THAT HE WAS RECEIVING FAVORS, DODD SAYS" THIS SUGGESTION IS OUTRAGEOUS AND CONTRARY TO MY ENTIRE CAREER IN PUBLIC SERVICE." THEN LESS THAN A WEEK LATER HE ACKNOWLEDGED THAT HE WAS PART OF COUNTRYWIDES VIP PROGRAM. AND THE WALL STREET JOURNAL ALSO MENTIONS HIS BUDDY, SENATOR CONRAD ANOTHER ONE COMPLICIT IN OBTAINING VIP LOANS FROM COUNTRYWIDE. ALL OF THIS MATTERS BECAUSE DODD RECEIVED $165,400 IN CAMPAIGN CONTRIBUTIONS FROM FANNIE MAE AND , FREDDIE MAC, MORE THAN ANY OTHER POLITICIAN. MR. FEINBERG WHO OVERSAW THE COUNTRYWIDE VIP PROGRAM CAME FORWARD WHEN HE HEARD DODD TALK ABOUT PREDATORY LENDING. MR. FEINBERG THOUGHT THIS TO BE "HYPOCRITICAL." " I JUST THOUGHT, THIS IS WRONG." AND BY THE WAY AS THE WSJ REPORTS, DODD HASN'T RELEASED COPIES OF THE MORTGAGE DOCUMENTS, THOUGH HE PROMISED TO DO SO MORE THAN TWO MONTHS AGO.


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