"ALL CAPS IN DEFENSE OF LIBERTY IS NO VICE."

Tuesday, June 17, 2008

SENATOR CHRIS DODD CHANNELS CLAUDE RAINS/CAPTAIN RENAULT

CHRIS DODD:
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.

“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.
SPECIAL FAVORS FOR SENATORS? IM SHOCKED! NO SENATOR EVER GETS PREFERENTIAL TREATMENT! NOT DODD, NOT TEDDY!

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