Congress Clears Dodd and Conrad of Wrongdoing
Surprise! Surprise! Surprise!
>>>WASHINGTON – Senate Banking Committee Chairman Christopher Dodd, D-Conn., was cleared by the Senate Ethics Committee from a year-long investigation about whether mortgages he obtained from Countrywide Financial violated the Senate’s rules on gifts. “While the committee finds no substantial credible evidence as required by committee rules that your Countrywide mortgage violated Senate ethics rules, the committee does believe that you should have exercised more vigilance in your dealings with Countrywide in order to avoid the appearance that you were receiving preferential treatment based on your status as a senator,” the report said<<<
And HOW did the Ethics Committee FIND this conclusion? “While the committee finds no substantial credible evidence as required by committee rules that your Countrywide mortgage violated Senate ethics rules…
Here are the committee rules: House and Senate rules bar members from knowingly receiving gifts worth $100 or more annually from companies that use registered lobbyists.
Countrywide allegedly gave cheap, sweetheart mortgages to Sen. Kent Conrad (D-ND) and Sen. Christopher Dodd (D-Conn.), chairman of the Senate Banking committee who reportedly saved $75,000 on his inside deals from Countrywide.
NO substantial credible evidence? Really
It’s absolutely IMPOSSIBLE for the Senator’s to NOT KNOW they were getting a deal. They had to have SIGNED the Loan Documents and HUD1 Closing Statement with all of the fees. Except THEIR FEES WERE MISSING! I’m Sorry but a SAVINGS of $75,000 in a Loan File EXCEEDS $100.00 gift restriction!
The Committee also found: “the committee does believe that you should have exercised more vigilance in your dealings with Countrywide in order to avoid the appearance that you were receiving preferential treatment based on your status as a senator,”
In Other Words: Don’t Get Caught Next Time…
And the U.S. Congress WONDERS WHY the Citizens of this Country are livid with the Bailouts for the Banks and the Payoffs to the members who approve the Bailouts!
