Sen. Chris Dodd is the chairman of the Senate Banking Committee. Somehow, miracle of miracles, he manages to qualify for some mortgages from Countrywide at a "special VIP rate."
Dodd arguably didn't get anywhere near as good a deal as did Sen. Kent Conrad, who personally called the chairman of Countrywide in order to get an interest rate that was 1% lower. Dodd may have not asked for the rate he got, which wasn't all that much lower, but Conrad certainly did.
See. Oh. Double-R, Yew. Pee, Tee...
Wednesday, June 18, 2008
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