Tweet Did I Say Mortgage Insurance? I Meant Mortgages and Insurance
The mortgage that I speak of is the apparent sweetheart deal he got from Countrywide on two mortgages that saved him about $75,000, and the insurance refers to the uproar over the bonuses paid AIG executives courtesy of a loophole left in the stimulus bill which prohibited "future" bonuses to firms receiving TARP money while retaining those that had already been contracted for. Dodd is the Chairman of the Senate Banking Committee.
Being A Politician Means You Can Say What You Want, Not Mean What You Say, Give A Convoluted Explanation and Face No Ramifications!
Not to be used as an indictment, but simply more negative P.R. for an incumbent running for re-election in 2010, "the watchdog group Center for Responsive Politics reported Dodd -- a senator since 1981 in a state heavily dependent on the insurance industry -- received more than $223,000 in campaign donations from AIG workers between 2003 and 2008." (CNBC)
CNN, no great adversary of the Democrat Party, had this interview with Senator Dodd about his apparent flip flop on the details of the loophole in the bill:
This all comes at a time when the popularity of Dodd appears to be dropping if you believe in the polls:
"A 51 percent majority of Connecticut voters said they “definitely” or “probably” won’t be voting for him, with only 42 percent saying they’d likely support him.
A 56 percent majority of Connecticut voters said they were less likely to vote for him because of the mortgage controversy. Fifty-four percent of respondents said they were not satisfied with Dodd's explanation of allegations that he received preferential mortgage treatment." (Politico)
Not that the Republicans are strong in Connecticut (far from it), but this is vulnerability not typically seen.