Chris Dodd, Meet Eddie Perez

The Democrat Senator from Connecticut, Christopher Dodd, may well have some re-election problems on his hands according to the Swing State Project.

Chris Dodd's favorability ratings in his home state have suffered ever since his very unsuccessful presidential run, an undertaking he was never quite able to explain to his constituents - or Iowa caucus-goers, for that matter. Allegations that he got favorable "VIP" loan terms from lender Countrywide haven't helped. What makes this a Race to Watch is the fact that three reasonably strong Republicans could all potentially give it a gander: Gov. Jodi Rell and former Congressmen Rob Simmons and Chris Shays. But Dodd is a powerful fundraiser in a blue state, and no one has stepped up to the plate yet. (D)

Via Instapundit.

Now what makes this of further interest is the fact Connecticut has a recent history of nailing politicians (of both parties, we might note) for corruption. First there was Republican Governor John Rowland and more recently, the indicted Mayor of Hartford and renowned community organizer Eddie Perez.

The New York Post today draws an interesting contrast between Perez and Dodd.

Hartford Mayor Eddie Perez was arrested Tuesday on bribery and corruption charges after allegedly receiving free work on his home from a city contractor. The scandal is remarkably similar to the one that sent former Gov. John Rowland to the big house back in 2005.

We just hope the arrest gets Sen. Christopher Dodd (D-Conn.) looking over his shoulder. After all, it's not immediately clear why Perez should be in handcuffs - while Dodd retains his chairmanship of the powerful Senate Banking Committee.

Back in 2003, Dodd secured two "VIP" mortgages from Countrywide CEO Angelo Mozilo that reportedly saved him a cool $75,000. This, while he was supposed to be overseeing the Fannie Mae- and Freddie Mac-backed subprime loans on which Countrywide made a killing.

We know how that turned out.

Perez, meanwhile, is accused of accepting home renovations worth little more than half Dodd's take from Countrywide.

To be sure, the comparison may be somewhat unfair to Dodd: Unlike Perez, he's been accused of no direct quid pro quo for his preferential treatment.

Then again, he likely didn't get the sweet deals for no reason, either. And he's months overdue in making good on his promise to release documents on the deal.

It's also worth noting the Democrats in the Senate won't make any move to oust Dodd and it's unlikely the Obama Justice Department will go anywhere near corrupt Democrats. There's only so much change they're interested in.

Thanks to Instapundit for the link.

Carbon Footprint Leads Police to Big Bust

If the Al Gore's of the world had their way this madame would be facing some serious jail time for taking her activities on the road as it were.

A "brothel bus" that detectives said cruised Miami Beach offering lap dances and drinks has taken its last ride, police said on Wednesday.

No word on if carbon footprints are yet admissible in court as evidence, but it shouldn't be long before they are allowed.

Employees and customers also were charged as part of a citywide prostitution crackdown that resulted in 75 arrests.

As opposed to the Countrywide prostitution crackdown which will probably result in no arrests, but a require a significant voluntary donation from the average citizen. Legalese talk for a tax increase.

Democrat Senators Received Fixed Countrywide Mortgage Deals

More Friends of Angelo. After former Barack Obama vetter was tossed under the bus Wednesday, some reporters figured it was time to look at who else received special deals from Countrywide Financial Corporation.

And what do you know, two top Democrat senators received cushy deals.

How convenient.

One of them is the Sandwich King, Connecticut's Christopher Dodd, former presidential candidate and now undoubtedly former Vice Presidential material.

Two influential US senators got "VIP" loans from a leading subprime mortgage lender that saved them tens of thousands of dollars, it was reported last night.

The Democratic pols, Chris Dodd of Connecticut and Kent Conrad of North Dakota, both received the highly favorable loans under the designation "Friend of Angelo," a reference to embattled Countrywide head Angelo Mozilo, Condé Nast Portfolio reported.

Dodd is chairman of the Senate Banking Committee, while Conrad is chairman of the Budget Committee and a member of the Finance Committee. The two senators refinanced properties through the VIP program in 2003 and 2004, the report said.

Others who received "FOA" loans include Alphonso Jackson, the secretary of Housing and Urban Development under President Bush who resigned in April, and Donna Shalala, who was secretary of Health and Human Services in the Clinton administration.

The report came one day after Democratic heavyweight Jim Johnson stepped down as chief of Barack Obama's vice-presidential search committee after revelations he'd gotten Countrywide loans at very favorable rates because of Mozilo.

Citing company documents and e-mails, the report says the FOAs paid lower fees, and if rates fell while a loan was pending, the VIPs would get a free "float-down" while regular customers had to pay a surcharge.

Dodd reportedly received two loans through the program in 2003 - $506,000 to refinance his Washington town house, and $275,042 to refinance a home in Connecticut. The more favorable terms saved him about $70,000, the report says.

Naturally, Dodd defends the sweetheart deals. After all, he's a Democrat and they have special privileges the rest of us don't enjoy.

Sen. Christopher Dodd, a top figure in Democrats' response to the housing crisis, defended through a spokesman two mortgages he reportedly received under a special Countrywide Financial Corp. program that awarded preferential interest rates to people referred to as "friends" of the company's chairman and chief executive, Angelo Mozilo.

"The Dodds received a competitive rate on their loans," said Bryan DeAngelis, Sen. Dodd's press secretary. "They did not seek or anticipate any special treatment, and they were not aware of any." He declined further comment.

The news could cause headaches for the Connecticut senator, who is trying to negotiate housing legislation designed to deal with the foreclosure crisis. The final bill could include expanding a government program to insure up to $300 billion in refinanced home loans.

Publicly, Mr. Dodd has been critical of some of the mortgages in which Countrywide specialized, such as loans known as "payment-option ARMs," adjustable-rate mortgages that give borrowers multiple payment options each month. In December 2007, he co-signed a letter to Federal Reserve Chairman Ben Bernanke that called these mortgages at Countrywide "abusive" because "these loans were not made on the basis of a borrower's ability to pay."

Can you say hypocrisy, kids?

More here.

Safe to say you can probably scratch Dodd off Obama's VP list.