U.S. Senator Chris Dodd was aware that he was the recipient of a VIP loan from Countrywide Financial, according to the Associated Press.
Robert Feinberg, the Countrywide loan officer that was responsible for the VIP program, has told an investigating Senate panel that Senator Dodd, along with Sen. Kent Conrad of North Dakota, were fully aware of the fact that they received preferential treatment on their mortgages.
“You don’t say ‘no’ to the VIP,” Feinberg told Republican investigators for the House Oversight and Government Reform Committee, according to a transcript obtained by The Associated Press.
Dodd has conceded that he knew he was in the VIP program at Countrywide, though he thought it was a customer service program for highly qualified borrowers. He has angrily denounced assertions that he received special treatment from Countrywide and repeatedly made the case that his loans were competitively priced with commercially available loans at the time.
Mr. Dodd hosted a “show-and-tell” press conference on his mortgage documents months ago, though opponents have derided the effort as a tardy attempt to put out the political firestorm.
After this weekend’s comments by former Democratic State Party Chairman Ed Marcus, who indicated on Face the State that it might be time to give Dodd the hook, it looks as though Nutmeg State Democrats are likely to get even more nervous about Mr. Dodd’s chances in November 2010.