• If you are having problems logging in please use the Contact Us in the lower right hand corner of the forum page for assistance.

Dodd Worried?

Mike

Well-known member
Is Chris Dodd Worried About Reelection or Simply Off His Meds?
Fox News ^ | February 23rd, 2009 3:23 PM Eastern | By Liz Peek


Why is Senate Banking Committee Chair Chris Dodd taking on not only the banking community but also President Obama? Could his efforts to distance himself from the financial industry that he has overseen for 24 years and from an administration that is off to a shaky start be a sign of things to come for Democrats facing reelection in 2010?

...Dodd’s dodgy associations may be one reason that he has emerged as a major thorn in the side of the new administration. He is so intent on distancing himself from the financial collapse and the banking community that he has repudiated the tempered approach favored by President Obama. This could turn out to be good politics.

...

It is probably not accidental that Dodd’s renegade activities follow a slump in his popularity. He approaches his upcoming Senate race with the worst ratings of his entire career. In a recent Quinnipiac poll, more than half of those queried said they would not vote for Dodd’s reelection...

Adding to Senator Dodd’s woes is that over the weekend it emerged that he took contributions — some $27,500 according to The Connecticut Post — from accused scam artist Allen Stanford...

Perhaps it is simply that Senator Dodd is covering his tracks. The country is angry — angry at bankers, at mortgage defaulters and increasingly at their legislators. But the Senator may also sense that being a team player with the Obama administration may not prove the best strategy for those defending their seats next time round.
 

Steve

Well-known member
Perhaps it is simply that Senator Dodd is covering his tracks.

more then likly it is to cover his low rate "gift" from countrywide..

funny how for one person it is a scandle, yet for Barack.. no big deal... ???

complaints alleging that Sen. Barack Obama (D-Ill.), the presumptive Democratic presidential nominee, broke the rules when he accepted a discounted deal on a 2005 mortgage loan,

"Americans ought to be suspicious when a United States Senator such as Barack Obama, obtains a sweetheart mortgage deal," "We have serious concerns that Senator Obama's mortgage may have violated the law and Senate ethics rules." The group filed separate complaints with the Federal Election Commission and the U.S. Senate Ethics Committee.

in 2005, Obama, then a freshman Democratic senator, bought a $1.65 million restored Georgian mansion in an upscale Chicago neighborhood. To finance the purchase, he secured the loan, for $1.32 million, which was locked in at an interest rate below the average for such loans at the time in Chicago.

The loan was unusually large, known in banker lingo as a "super super jumbo." Compared to the average rate in Chicago at the time for a jumbo mortgage,

The article quoted an Obama campaign spokesman as saying Obama received a discount from the base rate at the bank, not because he was a senator, but because he had an offer from a competing bank and he brought other business to the institution.

"It appears that due to his position as a United States Senator, Barack Obama received improper special treatment from Northern Trust resulting in an illicit 'gift' which has a value of almost $125,000 in interest savings," In its FEC complaint, the group called for an investigation into whether the special mortgage is a "disguised and illegal corporate campaign contribution" to Obama.
 

Mike

Well-known member
Sweet Deal From The Old Sod For Dodd
FinkelBlog ^ | Mark Finkelstein



Looks like those sweetheart mortgages Chris Dodd snagged from Countrywide as a “Friend of Angelo,” its CEO, aren’t the only sugar-coated real estate deals from which the senior Connecticut senator has benefitted. The intrepid Kevin Rennie of the Hartford Courant, who has been dogging Dodd’s Countrywide dealings, has now turned up an Irish real estate deal sweeter than Bailey’ Cream–but with the whiff of a week-old flounder.


I’d encourage folks to read Rennie’s entire story in the Courant. Here’s the Cliff Notes version:


* Dodd is great friends with New York high-roller Edward R. Downe, Jr.
* Downe gets convicted of tax and securities law violations.
* Dodd gets Bill Clinton to pardon Downe on his last day in office.
* Downe introduces Dodd to William Kessinger.
* Kessinger and Dodd buy, as partners, a fancy country “cottage” [see photo] on a ritzy Irish island.
* A couple years later, Kessinger sells Dodd his interest for what would appear to be much less than its market value.
* Dodd plays fast-and-loose with the way he reports the value of the property on his Senate financial disclosure forms.
 
Top