Chris Dodd and His Three Residences, on a Senator's Income

Economic Policy Journal reports:

A friend suggests that any investigation of the sweetheart mortgage rate Senator Chris Dodd received from Countrywide is a misdirected investigation.

The real investigation should be on how Dodd was able to qualify for mortgages on three residences on just a Senator’s income. Dodd owns a condo in Washington D.C., a house in Connecticut and a part of a third property in Ireland. The cottage in Ireland was purchased in a strange deal with two partners, one of whom was convicted of tax and securities fraud but was later pardoned by President Clinton at the request of Senator Dodd.

Chris Dodd: the life of privilege.