Monday, December 29, 2008

Maybe we should change Dodd's name to

Countrywides, since he seems to have been international:
Seems that the problem with Dodd was not that he got a few points shaved from his fees by Countrywide, but rather that he got a no-doc loan for his retirement house in Ireland. Seems it might be a wee illegal to do so, particularly if the loan was a Fannie and/or Freddie secured one, or how it was booked, or any millions of reasons why a federally insured loan shouldn’t be given to a home under foreign jurisdiction. I hear that the Senator bought the house through a front company, and disposed of it in the same manner when the Countrywide thing went down, indicating, at least as the cop shows say, bad intent.
But, last I heard, he still says there's 'no reason' to worry about the documents he won't release, so I guess we shouldn't worry about it.

Be royally pissed off, yes.

No comments: