Christopher Dodd, Connecticut U.S. Senator
Just Like Us, Only Better Connected
One of the big news stories this summer was that Senate Banking Committee Chairman Christopher Dodd received favorable mortgage rates from disgraced Countrywide CEO Angelo Mozilo. Mozilo stands accused by Attorneys General in multiple states of selling risky mortgages to thousands who could not afford them, leading to the current foreclosure crisis.
"As a United States senator, I would never ask or expect to be treated differently than anyone else refinancing their home. This suggestion is outrageous and contrary to my entire career in public service. When my wife and I refinanced our loans in 2003, we did not seek or expect any favorable treatment. Just like millions of Americans, we shopped around and received competitive rates.'' -- June 2008
