Wednesday, January 6, 2010

Dodd to Retire

CBS News offered this explanation for the Christopher Dodd's troubled situation last month:
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.
See story here.

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