Executive Testifies on Senators' Mortgages

07-27-2009 • Washington Post

The Senate ethics committee has interviewed a former Countrywide Financial executive who testified under oath that Sens. Christopher J. Dodd (D-Conn.) and Kent Conrad (D-N.D.) were aware that they were accessing a special program to give below-market-rate mortgages to the powerful and famous when he arranged their loans, according to the executive's attorneys.

3 Comments in Response to Executive Testifies on Senators' Mortgages

Comment by Brock

Entered on: 7/28/2009 7:48:34 AM

"...who maintain that they did not know they were part of the Countrywide program created by its chief executive at the time, Angelo Mozilo."

Except for the part where Dodd has repeatedly said he knew he was in the "Friends of Angelo" program and thought it was because of his stellar credit rating.

Comment by Lucky Red

Entered on: 7/28/2009 5:28:21 AM

The Senate Ethics Committee...ROFL! Now, there's an oxymoron!

Comment by Powell Gammill

Entered on: 7/27/2009 11:30:21 PM

AP:

http://www.kwqc.com/Global/story.asp?S=10798375

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