Wednesday, July 29, 2009
CHRIS DODD
Chris Dodd: We Didn't Shop Around for Our Loan. Er, Wait, I Mean, We Did.
Sen. Chris Dodd, defending himself from accusations that he received improper special treatment on his mortgage, in June of last year: "I guess so, yeah, I don't know what the rates are today."
Mrs. Dodd, in February: "Mrs. Dodd said she did most of the negotiations regarding the loans and when she asked about what the VIP program was she was told it meant nothing more than getting an actual person on the phone when she called. She said she never met any of the loan officers in person. She said in 2003 they decided to stay with Countrywide because 'it was easier to stay with our current lender than move to a new one.'"
Those two comments suggest that the Dodds didn't look around for other options, and preferred the simplicity of staying with Countrywide.
Sen. Chris Dodd, defending himself from accusations that he received improper special treatment on his mortgage, today: “We negotiated loans. We shopped.”
So Dodd, longtime member of the Banking Committee, didn't know the rates, and he and his wife chose Countrywide out of simplicity, until now, when they say they chose them because they shopped around?
The editors weigh in on Dodd and Kent Conrad here.
07/29 09:56 AM
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