Wednesday, January 7, 2009

WSJ Refuses To Forget About Dodd 's Deal

A dead-on editorial in the Wall Street Journal today keeps the pressure on Chris Dodd to release the records from his sweetheart Countrywide mortgages that he promised over six months ago.
The rest of the press corps may have moved on, but we'd still like to know. All the more so because former Countrywide Financial loan officer Robert Feinberg told us last fall that Mr. Dodd knowingly saved thousands of dollars on his refinancing of two properties in 2003 as part of a special program for the influential. Mr. Feinberg also reported that he has internal company documents that prove Mr. Dodd knew he was getting preferential treatment as a friend of Angelo Mozilo, Countrywide's then-CEO, and Mr. Feinberg has offered to provide those documents to investigators.


As the Senate Ethics Committee examines this case, Mr. Dodd's office reports that he is cooperating with the investigation and that he still intends to make good on his six-month-old pledge. But nothing in the Senate ethics process prevents Mr. Dodd from coming clean with the public whenever he wishes.
This issue has been discussed on this blog ad nauseum. And it will continue to be, until more media outlets give the issue the attention it deserves. Kudos to the Journal for keeping on it.

noted the editorial as well, along with this clip from a Politico article.

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