Senator Dodd Disappoints

That’s according to the Hartford Courant editorial page. At least one paper understands that the Senator’s recent dog and pony show doesn’t prove he didn’t get favorable treatment from a company he regulated at the time that company was doing the type of business that greatly contributed to our current financial mess.

As the Courant editoral concludes:

Countrywide wasn’t handing money to the Dodds. But the waived fees and free “float-down” to very favorable interest rates made for an extraordinarily attractive package that was designed for a select and influential few.

To me, Dodd’s actions are those attempted by a guilty man trying to generate favorable headlines while not actually answering any questions. The Senator got favorable treatment from a major instigator of the current financial disaster and now he’s allowed to help decide how millions are dollars are being spent to clean up that problem. He doesn’t admit to any mistakes or errors in judgment, just bad politics. It’s time for Mr. Dodd to leave the Senate since he doesn’t see the obvious errors in his actions.

As for refinancing the mortgages. he’s already received the waived fees and “float-down”. I suspect he’s now refinancing for a lower rate so that’s no punishment.

Tags: chris dodd