If you think Senator Chris Dodd was friendly with former Countrywide Financial CEO Angelo Mozilo, check out the bond the Connecticut lawmaker enjoys with Richard Blumenthal, the state's attorney general. While Mr. Dodd refuses to make public the details of his sweetheart loans from Countrywide, the state's chief lawyer not only won't investigate; he has taken to the airwaves to proclaim Mr. Dodd's innocence and even predict his re-election in 2010.
Inappropriate doesn't begin to describe Mr. Blumenthal's appearance this week on Hartford's WFSB-TV. The AG compared Mr. Dodd, who was due to receive an estimated savings of $75,000 over the life of his two VIP mortgage loans, to borrowers allegedly duped by unscrupulous lenders. Mr. Blumenthal claimed that "there's no evidence of wrongdoing on [Mr. Dodd's] part any more than victims who were misled or deceived by Countrywide."
Portraying Mr. Dodd as a victim for receiving two below-market loans appeared to be too much for WFSB anchor Dennis House. He asked Mr. Blumenthal if he would accept Countrywide telling him that he could see some documents for a short time but not make any copies, as Mr. Dodd recently did with selected reporters. Mr. Blumenthal replied that he subpoenas documents from companies like Countrywide, instead of accepting their representations.
It's interesting that the state's top lawyer can pronounce that there's no evidence of wrongdoing by Mr. Dodd, especially since Mr. Blumenthal told us this week that he has never investigated Dodd's Countrywide deals. According to Mr. Blumenthal, the case is out of his jurisdiction because Mr. Dodd holds a federal office and any possible offenses would be federal. Mr. Blumenthal prosecutes civil matters while Connecticut's Chief State's Attorney, Kevin Kane, oversees criminal prosecutions. Mr. Kane's office also tells us that Connecticut's senior Senator is out of its jurisdiction.
Mr. Blumenthal's decision to stay out of the way of federal law enforcers contrasts with his approach when Republican Governor John Rowland and others were successfully prosecuted on federal corruption charges. In that case, Mr. Blumenthal was so zealous that in 2004 a state court judge temporarily blocked his civil suit after federal prosecutors claimed he was making it more difficult to prosecute the federal case.
Federal prosecutors aren't commenting on any probe, if there is one. We can confirm that the Senate's Ethics Committee investigation continues at whatever pace can be described as less than plodding.
Let's not kid ourselves, nothing is going to happen, this man is guilty, guilty, guilty, and he is protected, protected, protected. Sure hope that I am wrong about that. The hypocrisy of Chris Dodd is astounding, this man, after fighting revisions to relevant regulations, even after being exposed as a recipient of favorable loans, continued to ride President Bush for allowing the banking collapse to happen. That the citizen's of Connecticut continue to reelect this man, coupled with the over-whelming voting bias for the new President, is hard to understand.
For My Michigan Relatives...
ReplyDeleteThe above applies...
WHY DO YOU KEEP VOTING THESE IDIOTS IN?
The DemocRAT party is destructive...
I posted this several months back:; a video called burning down the house..Here’s the link…
http://www.rightsidenews.com/200809302090/editorial/burning-down-the-house-what-caused-our-economic-crisis.html
I know it’s a re-run…but still true to this day…Dodd & that NO talking…spitting shit head Frank need to GO!!! (Pelosi & Reid??? HELL YES) The economy collapsed because of the CRIA…Banks and Wall Street had to make a profit so they bundled these bad investments with good ones…then resold them…bundled again & again….then sold again (world wide)…NOW ITS WORTHLESS PAPER…That you and I own…Now my non-existent grand kids own!!! Thanks Mr. Prez!!! Putting MORE control in the FED’s hands…LOOK at Detroit…The shining city of the mid-west…NOW it’s a shit hole…
LOOK AT ALL THE COROUPTION IN THE DEMOCRAT PARTY…If it was Republican…The MSM’s might have thought they were in Mecca with their 76 virgins and a couple of sheep…