Dodd Knew He Was Countrywide VIP Since 2003
Roll Call Staff
Senate Banking, Housing and Urban Affairs Chairman Chris Dodd (D-Conn.) said Tuesday that he has known since 2003 that his mortgage with Countrywide Financial was designated a “VIP” account, but continued to deny allegations he received any discounts when he refinanced two loans.
“There was no red flag to me [that] we were getting special treatment,” Dodd told reporters at a news conference.
The Connecticut Senator said he never asked what VIP status meant, but said he assumed it was bestowed on him because he held an existing mortgage with Countrywide.
Dodd said he has no plans to refinance the loans elsewhere. Countrywide is to be acquired by Bank of America.
“We don’t believe we did anything wrong. We negotiated a mortgage,” Dodd contended.
House Energy and Commerce Committee: Henry Waxman in His Element
March 15, 12 a.m.
In his 36-year Congressional career, Rep. Henry Waxman (D-Calif.) has developed a reputation as a master legislator — someone whose balance of principle and pragmatism has allowed him to amass a long slate of legislative victories in all kinds of different political climates. Read Full Article
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