Site for Free Markets and Free People

Monday, February 02, 2009

Dodd to Refinance...Likely at an Even Lower Rate

Democrat Senator Christopher Dodd seems to be solving his unethical conflict of interest problem with Countrywide by offering to refinance his mortgages.

This is amazing - if you defraud the government on your income taxes, just apologize. If you accept a "friends of Angelo" bribe via a lower mortgage rate, just refinance and it wipes away your unethical behavior. (Not to mention that Dodd will probably benefit anyway, since rates are so low today that his new rate will be either lower or comparable.) Of course, he still has not fulfilled his promise to release the documents over 6 months ago.