Christopher John Dodd

Chris Dodd received two loans. The first was $506,000 for a refinance of a house in Washington, the second was for $275,042 for a refinance of his home in Connecticut. The total amount of money he would have saved over the life of the loans was $75,000.

Dodd’s spokesman Bryan DeAngelis states “the Dodds have said from the beginning, they did not seek or expect any special rates or terms on their loans and they never received any; they were never offered special or sweetheart deals and if anyone had made such an offer, they would have severed that relationship immediately,”

Chris Dodd flip-flops on former comments about not getting any special treatment from Countrywide.

Despite both of them lying about details of the loans they received both Dodd and Conrad are cleared by the Senate ethics committee. The AP article states that the committee says that in the future the seniors should “avoid the appearance of sweetheart deals”.

When asked how the February 11th date got into the bill Dobbs denied knowing who or how it got into the bill Quote: “I can’t point a finger at someone who is responsible for authorizing the language that put that- those dates in. I can tell you this much when my language left the senate it did not include it... when it came back it did.”

Chris Dodd flip-flops from earlier statements where he said he did not write in the February 11 2009 date into the stimulus bill, and changes his story to that he was in contact with White House administration. Quote: “They came to us- our staff and asked for changes, and the changes at the time did not seem that obnoxious or onerous ... none of us- I certainly didn’t have any idea about AIG and these retention bonuses so we agreed to some modification at the time”

Geithner stated that the reason the treasury department wanted the loophole in the bailout bill was to keep from being sued by companies that wanted to give performance bonuses. Begging the question why would any company failing and needing to be bailed out by the government should be rewarding high level employees that tanked the company in the first place.