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Culture of Corruption: Dodd/Conrad cleared in Countrywide probe

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By Michelle Malkin  •  August 7, 2009 01:54 PM

Birds of a feather…cover each others’ posteriors:

The Senate Ethics Committee on Friday dismissed complaints against Democratic Sens. Chris Dodd (Conn.) and Kent Conrad (N.D.) over their participation in Countrywide Financial Corp.’s VIP lending program.

But the panel cautioned the senators that they should have “exercised more vigilance” in their dealings with the mortgage giant to avoid an appearance of preferential treatment.

Dodd is holding a 2 p.m. news conference to discuss the dismissal of the complaint against him.

Via Marketwatch:

“While the committee finds no substantial credible evidence as required by committee rules that your Countrywide mortgage violated Senate ethics rules, the committee does believe that you should have exercised more vigilance in your dealings with Countrywide in order to avoid the appearance that you were receiving preferential treatment based on your status as a senator,” the report said.

You can find the dismissal letters signed by the Senate Ethics Committee here.

Last week: Dodd and Obama: Corrupt birds of a feather; Update: Resisting subpoena; Dodd has prostate cancer

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Categories: Chris Dodd, Corruption, Politics, Subprime crisis

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