“Chris Dodd’s Mortgage Nirvana”

By Michelle Malkin  •  February 3, 2009 04:28 PM

Senatorial perks. Ain’t they grand? Loan Zen breaks down the little bit of information Sen. Dodd deigned to release yesterday:

So let’s ponder this scenario friends. You’re the head of one of the most powerful committees in the world. You get a sweetheart deal from the tannest man in America on not one but two mortgages. Someone discloses the “less than fair” deal after the market turns to pixy dust. You throw a news conference admitting you’re wrong and that you’ll make it better by refi-ing out. You go ahead and refinance at market historic lows — paying 2 points on both deals — at the rate of 4.375% for a 30 year fixed loan. You walk away saving $7,325.69 per year on your mortgages. Now this is a beautiful country.

Yesterday: Dodd absolves himself of wrongdoing, “releases” financial documents that public cannot view

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Posted in: Subprime crisis

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Comments


  1. #1
    On February 3rd, 2009 at 4:33 pm, genso said:

    Most ethical Congress ever.

  2. #2
    On February 3rd, 2009 at 4:33 pm, normsrevenge said:

    Chris Dodd.. Countrywide’s poster boy for a ‘Culture of Corruption’ .

  3. #3
    On February 3rd, 2009 at 4:35 pm, cpodug said:

    genso said: Most ethical Congress ever.

    True – they are, but since they are the ones defining ethics, it’s a case of “What the meaning of ‘is’ is.” Straight from the Clinton playbook.

  4. #4
    On February 3rd, 2009 at 4:36 pm, TXGator said:

    Seems fair.
    How do these Congress criminals sleep at night? And, I’m not talking about the hookers and blow.

  5. #5
    On February 3rd, 2009 at 4:37 pm, RTater said:

    He looks like a frog, only slimier.

  6. #6
    On February 3rd, 2009 at 4:37 pm, Fuller said:

    Dodd is a creature of corruption.

  7. #7
    On February 3rd, 2009 at 4:37 pm, st_james said:

    Nutmeg makes you stupid.

  8. #8
    On February 3rd, 2009 at 4:41 pm, genso said:

    On February 3rd, 2009 at 4:36 pm, TXGator said:

    Seems fair.
    How do these Congress criminals sleep at night? And, I’m not talking about the hookers and blow.

    I’ve dealt with people like this in business. I’ll tell you what they do. They go home and laugh their ass off that they “won” another one. Getting the upper hand is like hookers and blow to these people.

  9. #9
    On February 3rd, 2009 at 5:08 pm, jdubya said:

    Senator Dudd = P.O.S.

  10. #10
    On February 3rd, 2009 at 5:09 pm, ITookTheRedPill said:

    Democratic Socialist Culture of Corruption

    Y’all do realize, don’t you, that Dodd and Obama topped the list of Fannie Mae / Freddie Mac “kickbacks”?

    These Democratic Socialists helped cause the financial crisis, perhaps INTENTIONALLY in order to further their Socialist goals, and

    their cronies played the race card on those who called for stricter regulation of Fannie/Freddie!

  11. #11
    On February 3rd, 2009 at 5:15 pm, Les in NC said:

    Time for the torches and pitchforks. All I need is the date and time.

  12. #12
    On February 3rd, 2009 at 5:16 pm, Les in NC said:

    I’ll bring the feathers if someone will bring the tar.

  13. #13
    On February 3rd, 2009 at 5:30 pm, FamilyMan said:

    tannest man in America ????????

  14. #14
    On February 3rd, 2009 at 5:50 pm, Jeddite said:

    What a nightmarish visage.

  15. #15
    On February 3rd, 2009 at 5:55 pm, fighterDC said:

    meanwhile, I can’t refinance because the value of my home has dropped nearly $100k in 2 years due to foreclosures in my neighborhood by people who should never have received a loan. BTW, there were at least two where the homeowner fled to their native country. Thanks a lot.

    Sincerely,
    Negative Net Worth but still Paying like a Sucker

  16. #16
    On February 3rd, 2009 at 6:15 pm, docflash said:

    Dodd would look better in a one man cell.

  17. #17
    On February 3rd, 2009 at 6:17 pm, MarcoPolo said:

    I hope that when I am Dodd’s age I will not even have a mortgage!

  18. #18
    On February 3rd, 2009 at 6:19 pm, e.koenig said:

    i know how you feel fighter.. i’m such a schmuck, not only do i pay my mortgage but i budgeted to pay off my credit cards and car loan off early.

    as far as doodd goes…i’m embarrassed to live in ct.

  19. #19
    On February 3rd, 2009 at 6:26 pm, AlohaGuy said:

    tannest man in America ????????

    George Hamilton is calling his lawyers…

  20. #20
    On February 3rd, 2009 at 6:52 pm, Jet Jaguar said:

    The Politburo has its privileges.

  21. #21
    On February 3rd, 2009 at 6:53 pm, tpitman said:

    On February 3rd, 2009 at 6:15 pm, docflash said:

    Dodd would look better in a one man cell.

    Better yet, a two man cell with Barney Frank. Oops. Oh, well, one man’s hell is another man’s heaven.

  22. #22
    On February 3rd, 2009 at 10:25 pm, jangar said:

    Why is this corruptocrat smiling?

    Because he’s a wiener.

  23. #23
    On February 3rd, 2009 at 10:39 pm, mikeg said:

    Sorry to say I live in the state Dodd represents? Happy to say I have never voted for him.

  24. #24
    On February 4th, 2009 at 2:50 am, ITookTheRedPill said:

    On February 3rd, 2009 at 5:55 pm, fighterDC said:

    meanwhile, I can’t refinance because the value of my home has dropped nearly $100k in 2 years due to foreclosures in my neighborhood by people who should never have received a loan. BTW, there were at least two where the homeowner fled to their native country. Thanks a lot.

    Sincerely,
    Negative Net Worth but still Paying like a Sucker

    I feel for you, and I suspect that this scenario may have actually been pre-planned…all a part of income redistribution (“spread the wealth”).

    Money taken from honest hard-working Americans and given to those who aren’t.

    The DemoNcrats are up to it AGAIN with the “Earned Income Tax Credit” deceipt.

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