“Chris Dodd’s Mortgage Nirvana”

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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Most ethical Congress ever.
Chris Dodd.. Countrywide’s poster boy for a ‘Culture of Corruption’ .
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.
Seems fair.
How do these Congress criminals sleep at night? And, I’m not talking about the hookers and blow.
He looks like a frog, only slimier.
Dodd is a creature of corruption.
Nutmeg makes you stupid.
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.
Senator Dudd = P.O.S.
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
Time for the torches and pitchforks. All I need is the date and time.
I’ll bring the feathers if someone will bring the tar.
tannest man in America ????????
What a nightmarish visage.
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
Dodd would look better in a one man cell.
I hope that when I am Dodd’s age I will not even have a mortgage!
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.
George Hamilton is calling his lawyers…
The Politburo has its privileges.
Better yet, a two man cell with Barney Frank. Oops. Oh, well, one man’s hell is another man’s heaven.
Because he’s a wiener.
Sorry to say I live in the state Dodd represents? Happy to say I have never voted for him.
On February 3rd, 2009 at 5:55 pm, fighterDC said:
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.