Dodd's close connections to leading bankers are coming back to haunt him. One such connection is to former Bear Stearns director Edward Downe Jr., who once shared a condo with Dodd. After Downe's conviction for insider trading, Dodd leaned on President Clinton to pardon Downe at the end of his presidency. Dodd's reputation also took a hit amid allegations that insurance giant Countrywide gave him "VIP" treatment in refinancing his home.
Wednesday, January 6, 2010
CBS News offered this explanation for the Christopher Dodd's troubled situation last month:
See story here.