Chris Dodd knows all about CountryWide.. Can you say sweetheart deal???
When Fannie MAe was brought under a federal audit and the the head of Fannie Mae, Franklin Raines (Dem) was questioned about the samll amount of reserves he had in place, he uttered these famous word, "THESE LOANS ARE RISKLESS".
Chris Dodd and Barney Frank, members of the Dem lead Senate Finance Commitee circled the wagons to protect him.
He left Fannie Mae with a huge bonus. Yeah these Dems know all about finance and economics.