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Sweet Deal From The Old Sod For Dodd

doddcottage2Looks like those sweetheart mortgages Chris Dodd snagged from Countrywide as a “Friend of Angelo,” its CEO, aren’t the only sugar-coated real estate deals from which the senior Connecticut senator has benefited. The intrepid Kevin Rennie of the Hartford Courant, who has been dogging Dodd’s Countrywide dealings, has now turned up an Irish real estate deal sweeter than Baileys Cream–but with the whiff of a week-old flounder.

I’d encourage folks to read Rennie’s entire story in the Courant.  Here’s the Cliff Notes version:

  • Dodd is great friends with New York high-roller Edward R. Downe, Jr.
  • Downe gets convicted of tax and securities law violations.
  • Dodd gets Bill Clinton to pardon Downe on his last day in office.
  • Downe introduces Dodd to William Kessinger.
  • Kessinger and Dodd buy, as partners, a fancy country “cottage” [see photo] on a ritzy Irish island.
  • A couple years later, Kessinger sells Dodd his interest for what would appear to be much less than its market value.
  • Dodd plays fast-and-loose with the way he reports the value of the property on his Senate financial disclosure forms.

So far, whereas a British paper has picked up Rennie’s story, no MSM outlets in the US other than WSJ’s subscription-only Political Diary have done so.  Will they now?

Via his spokesman Robert Gibbs, Pres. Obama today called for Roland Burris to go. When will Obama-the-Ethical call for Dodd’s departure?

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One Comment

  1. bigtimer wrote:

    When will O the ethical call for Dodd to go?

    The 12th of Never.

    After-all, nothing has been with Barney Frank, Rangel to name a couple more…they get a free pass…

    Plus remember, Reid really never had to answer for his land dealings in Nevada in cahoots with his son and other family members (son-in-law if memory serves me correct.

    Ethics…what ethics…if you have a ‘D’ behind your name, you 99% of time get a free pass, and the msm rarely reports much of any of these scandals, that would be huge if any of these characters were repubs…as we all know.

    Wednesday, February 25, 2009 at 1:30 PM | Permalink