CHRIS DODD UPDATE: He’s getting flak from The Nation.
Over the next few months, she met three more times with Countrywide management, getting nowhere. “They didn’t want to admit they were doing anything wrong.”
Elected officials appeared equally blind to the extent of the problem. Countrywide’s stock had plummeted, but the influence of the nation’s largest mortgage lender still ran deep. Mozilo’s so-called Friends of Angelo program had cut favorable deals on loans to his highly placed acquaintances, including Christopher Dodd and Kent Conrad, chairs of the Senate banking and budget committees, respectively. And Countrywide, along with other top mortgage lenders and industry associations, spent tens of millions of dollars lobbying Congress and gave millions more in campaign contributions.
Dodd still hasn’t released those mortgage documents. According to the Dodd Clock we’re at Day 182. Meanwhile, DumpChrisDodd.com is up and running.