Senators Dodd and Conrad Tied to Special Countrywide Mortgages
Senate Banking Chair Christopher Dodd and Sen. Kent Conrad reportedly received VIP mortgage treatment from Countrywide CEO Angelo Mozilo, with discounts and fee waivers in 2003 and 2004. Both lawmakers deny seeking special favors, saying rates were market competitive.
MENTIONED IN THIS ARTICLE
Washington, D.C
Senate Banking Committee
Christopher J. Dodd
Congress
Countrywide Financial Corp
Kent Conrad
D-N.d
Countrywide
Angelo Mozilo
Fannie Mae
Jim Johnson
Barack Obama
Ax Johnson
Conrad
Budget Committee
Johnson
Mozile
North
Dodd
Fast Haddam
Inflation up in May as energy costs push prices higher
May inflation rose 0.6 percent led by energy and food after a sharp gas price surge. core inflation edged up 0.2 percent easing market fears. Clothing fell 0.3 percent while prescription drugs dropped 0.7 percent and airline tickets rose 3.2 percent. The Dow gained 165.77 points as investors priced in slower core gains.
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Federal Reserve
Wall Street
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