Senator Dodd tangled up in investigation of Countrywide ex-CEO.
I’ve been hearing rumors that there were other shoes to drop on this, but nothing specific. MSNBC reports here.
Excerpt:
“The Justice Department is making very serious inquiry into any possible wrongdoing that may involve (former Countrywide CEO) Angelo Mozilo, other Countrywide employees, Sen. Chris Dodd, Sen. Kent Conrad, (former Fannie Mae CEO) Franklin Raines or other public officials,” said Feinberg’s lawyer, Anthony Salerno. “Robert has always cooperated thoroughly with authorities and is strictly a witness in their investigation.” …
Senator Dodd says he thought the VIP program just meant better customer service, and that he received market terms that he could have received from other lenders. The senator said in a press conference on the matter that if anyone had suggested at the time that he was receiving some kind of financial benefit on the loans because of his position, he would have terminated the relationship immediately.
Maybe one of our readers can shed some light based on the reporting, but I can’t tell if Dodd is a target of the investigation or a person of interest, or whatever. Personally, I’ll believe this when it is proven. Far as I’ve been able to tell, the deal Dodd got wasn’t all that sweet.
Dodd, who has been keeping his own counsel on this so far, released a statement via email a short time ago; printed in its entirety below.
Source: MSNBC.com
