Quote:
Originally Posted by cwd
How is that?
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Dodd who was the Chairman of the Senate Banking Committee was taking sweetheart personal loans from Countrywide Financial at the same time Countrywide was unloading billions in junk sub-prime mortgages onto Fannie and Freddie. Coincidently Dodd helped block legislation in 2005 that would have placed limits on how many mortgages Fannie and Freddie could hold. Had that legislation passed the whole crisis would have been avoided.