Dodd & Conrad - Lock 'em Up!
 | | WASHINGTON (AP) - Despite their denials, influential Democratic Sens. Kent Conrad and Chris Doddwere told from the start they were getting VIP mortgage discounts fromone of the nation's largest lenders, the official who handled theirloans has told Congress in secret testimony. Both senators have said that at the time the mortgages were being written they didn't know they were getting unique deals from Countrywide Financial Corp., the company that went on to lose billions of dollars on home loans to credit-strapped borrowers. Dodd still maintains he got no preferential treatment. Dodd got two Countrywide mortgages in 2003, refinancing his home in Connecticut and another residence in Washington. Conrad's two Countrywide mortgages in 2004 were for a beach house in Delaware and an eight-unit apartment building in Bismarck in his home state of North Dakota. Robert Feinberg,who worked in the Countrywide's VIP section, told congressionalinvestigators last month that the two senators were made aware that"who you know is basically how you're coming in here." "You don't say 'no' to the VIP," Feinberg told Republican investigators for the House Oversight and Government Reform Committee, according to a transcript obtained by The Associated Press. |
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