gsvol
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After months of promising to release more than 100 pages of documents relating to his dubious dealings with mortgage lending giant Countrywide, Senator Chris Dodd (D-CT) gave journalists what the DC Examiner's Mark Tapscott has termed the "idiot's treatment," inviting a select few Connecticut reporters to review -- but not copy or take -- the documents purportedly absolving Dodd of wrongdoing in accepting sweetheart loans from former Countrywide CEO Angelo Mozilo.
Countrywide, of course, helped catalyze the housing disaster that sparked the global economic crisis. And as part of Countrywide's VIP program, which Dodd claims was "nothing more than enhanced customer service," the Connecticut Senator reportedly saved $75,000 in refinancing two loans worth $800,000.
Dodd, who is the chairman of the powerful Senate Banking Committee, the committee charged with overseeing the nation's financial institutions, said he and his wife "acted properly in our mortgage refinancing negotiations. We did not seek or expect any special rates or terms on our loans and we never received any."
Why, then, did Senator Dodd still only give reporters what The Wall Street Journal calls a "Peek-A-Boo Disclosure"?
Perhaps Dodd truly was an innocent recipient of Countrywide's "enhanced customer service."
More likely, though, he was playing a peek-a-boo game of his own, covering his eyes as the housing industry went kaput on his watch.
Countrywide, of course, helped catalyze the housing disaster that sparked the global economic crisis. And as part of Countrywide's VIP program, which Dodd claims was "nothing more than enhanced customer service," the Connecticut Senator reportedly saved $75,000 in refinancing two loans worth $800,000.
Dodd, who is the chairman of the powerful Senate Banking Committee, the committee charged with overseeing the nation's financial institutions, said he and his wife "acted properly in our mortgage refinancing negotiations. We did not seek or expect any special rates or terms on our loans and we never received any."
Why, then, did Senator Dodd still only give reporters what The Wall Street Journal calls a "Peek-A-Boo Disclosure"?
Perhaps Dodd truly was an innocent recipient of Countrywide's "enhanced customer service."
More likely, though, he was playing a peek-a-boo game of his own, covering his eyes as the housing industry went kaput on his watch.