Close Close Comment Creative Commons Donate Email Add Email Facebook Instagram Mastodon Facebook Messenger Mobile Nav Menu Podcast Print RSS Search Secure Twitter WhatsApp YouTube

Ethics Committee Examining Countrywide Loans to Senators

There are a couple of noteworthy updates to our post yesterday on the Countrywide V.I.P. or "Friends of Angelo" mortgage loans to Sens. Chris Dodd (D-CT) and Kent Conrad (D-ND).

Sens. Kent Conrad and Chris Dodd (, Conrad says that he's begun "talking to the Ethics Committee" after a D.C. watchdog filed a complaint Friday. The panel does not comment on investigations, but it's a sign that at least a preliminary inquiry is under way.

Second, Dodd spoke to reporters for the first time since the story broke last Friday. Up until today, he'd only responded with a brief statement. Dodd again denied that he'd sought or knew he was receiving any special treatment. At the same time, he said today ($) that he'd been told in 2003 he'd been designated a V.I.P. account. He never asked what that meant, he said, but assumed it was a normal status bestowed on Countrywide customers who had an additional mortgage with the company.

Conrad has said that he'd personally called Countrywide CEO Angelo Mozilo to inquire about obtaining a mortgage, but did not expect or notice any special treatment.

Latest Stories from ProPublica

Current site Current page