Friday, October 10, 2008

Dodd and Countrywide

Quoting The Wall Street Journal:

“Former Lehman Brothers CEO Dick Fuld was under oath Monday when he was grilled on Capitol Hill about his role in the current financial meltdown. But if Members really want to understand the credit mania, they should also call Chris Dodd.”

“Mr. Dodd knew he was getting preferential treatment as a friend of Angelo Mozilo, Countrywide's then-CEO”

“All of this matters because Mr. Dodd was one of those encouraging Fan and Fred to plunge into ‘affordable housing’ loans made by companies like Countrywide.”

“One indicator of his
[Dodd’s] influence is the $165,400 in campaign contributions -- more than to any other politician -- that Fan and Fred have given him since 1989”
Click the image & read the rest:
Click the image & read the rest
Note: Obama also got some ’splainin’ to do!

Click here to read the primary post on this topic
(and all the rest).

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