Bailout

Senator Dodd, head of the Senate Banking Committee, was the number one recipient of campaign contributions from Countrywide Financial.

He got VIP treatment borrowing at Countrywide when he refinanced, but said he didn't know it was because he was head of the Banking Committee.

Now he has introduced a mortgage bailout bill.

The mortgage bill would allow banks such as Bank of America and mortgage lenders like Countrywide, which BofA is in the process of acquiring, to push their worst performing loans onto government agencies.

Don't even dream that the deal is corrupt.
Dodd says it's on the up-and-up.