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United State Senate Declares: Chris Dodd May Accept Bribes from Subprime Lenders

Connecticut Senator Christopher Dodd received a better mortgage deal from subprime lender Countrywide, simply because Dodd was a United States Senator.  Today, the United States Senate cleared Dodd of wrongdoing.  According to CNBC:In the end, it takes a lot for the country's most elite club to turn on one of its own. Senators Christopher Dodd and Kent Conrad have been cleared of any ethics violations for accepting sweetheart, "Friends of Angelo" mortgages from Countrywide.The Senate's deciding to clear Dodd comes just a couple of days after the SEC gave a sweet heart deal to Bank of America - which, according ot the SEC, had misled investors about a several-billion-dollar loss.The Senate's decision comes just weeks after the Department of Justice took less than 48 hours to arrest and beging criminally proceedings a Goldman Sachs employee for theft of trade secrets...continue to full post

Full post as published by Crime & Federalism on August 07, 2009 (boomark / email).