Ted Stevens conceals $250,000 worth of gifts. RETHUGLICAN CORRUPTION!!
Chris Todd gets sweetheart land deal from a man he helped pardon? Nothing to see here. Move along folks.
In his Senate financial disclosure documents from 2002-2007, Mr. Dodd reported that the Galway home was worth between $100,001 and $250,000. However, Mr. Rennie reports that in 2006 and 2007 the Senator added a footnote that reads: "value based on appraisal at time of purchase."
Mr. Dodd had good reason to add the qualifier. Senate rules call for valuations to be current and anyone who looked into the estimate would immediately spot Mr. Dodd's lowballing. A June 17, 2007 feature in Britain's Sunday Times did just that. "Diary" observed that in Roundstone "a two-bed recently made E680,000 ($918,000) and a cottage is currently on offer for E800,000." Noting Mr. Dodd's estimate of his property -- between E75,000 and E185,000 -- the diarist quipped, "to hell with the stamp duty, and form an orderly queue."
Don't care about this either, do you?
Mr. Dodd is already under a cloud for receiving what a former loan officer claims was preferential treatment from Countrywide Financial on two mortgage refinancings -- in Connecticut and Washington -- in 2003. Countrywide was an aggressive lender to shaky borrowers and relied heavily on Fannie Mae and Freddie Mac to buy those mortgages in bulk. As a senior Member of the Senate Banking Committee, Mr. Dodd was one of Fannie's greatest promoters. Mr. Dodd promised last year to disclose mortgage documents to prove he got no special treatment, but so far all he's done is let a few hand-picked journalists take a quick peek before he put the papers back in storage.
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