2/3/09

On Dodd's VIP Countrywide Mortgages

"I am not a crook!"

Senator Chris Dodd released the details of his Countrywide mortgages. In a statement released with it he said that he would refinance the loans. But, please, pay no attention to this fact:

"Jackie and Chris have "decided to refinance (their) homes", which seems unremarkable, given that they had an ARM that guaranteed their rates for 5 years and the rates re-set last July or so, I gather. Who wouldn't at least try to refinance?"

h/t to ctblogger and greenpeas, with more commentary, videos and documents available at the link.

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