The AP reports that some of our favorite senators, like Christopher Dodd of Connecticut, received pleasurable treatment by the "tilted by shady loans" mortgage firm Countrywide Financial Corp.
As we remember, Bank of America in a move both generous (and good for the country) and possibly shortsighted (as in stupid for the books), decided to buy the company and all that goes with it.
Apparently it was not only Dodd, but other high ranking government and corporate officials who were able to get slightly better rates not available to the average Joe. This would include former CEO of Fannie Mae Jim Jones, who until a week or so back headed Democratic Pary nominee Obama's vice presidential search team, and who lost that job upon the discovery of his dealings.
The difference between these men and your average Joe, however, is that their loans won't go bad and were not the cause of Countrywide sinking under huge losses. (I mean, if we ignore possible oversight duties). Or maybe we can say the profits that Countrywide shaved on these loans could have been better used toward all the bad loans by the little man?
In any case I would think Dodd just shot himself in the eligibility foot and while always a long shot choice as vice king of America, he is now an impossible choice.
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