Dodd and Conrad cleared of ethics violations

[Nonno]

"WASHINGTON - The Senate ethics committee cleared Senators Chris Dodd and Kent Conrad of breaking rules by getting mortgages through a VIP program, even as it scolded them yesterday for not being more careful to avoid the appearance of sweetheart deals.

The Select Committee on Ethics told Dodd of Connecticut and Conrad of North Dakota in separate letters that it found “no substantial credible evidence’’ after a yearlong investigation that their mortgages from Countrywide Financial Corp. broke Senate gift rules. The two Democrats got their mortgages through a VIP program for those designated as “friends’’ of then-Countrywide CEO Angelo Mozilo.

The committee said participants in the program “were often offered quicker, more efficient loan processing and some discounts,’’ but it also found that those borrowers didn’t necessarily get the best financial deal available. And in both Dodd’s and Conrad’s cases, the panel said the loans they received would have been available to a wide variety of borrowers with comparable financial profiles."

More at: Senators Dodd and Conrad cleared of ethics violations - The Boston Globe

 

[ImnoMensa]

I posted this yesterday, no one cared enough to comment.

This was a forgone conclusion. The Ethics Committee never did make a reccommendation on Jefferson and he was just CONVICTED by the courts.. The ethics committee is an oxymoron. A useless waste of time for Democrats. There are few politicians on the Hil who could stand a real investigation so they just use this committee as a shield.

 

[MMDad]

Amazing. I'm shocked that their buddies would do this. The only thing more unexpected would be if No-no did a cut and paste.

 

[chernmax]

And we were so sure they would be found guilty...

 

[CrashTest]

OJ was cleared of murder too.

 

[toppick08]

OJ was cleared of murder too.