Chris Dodd Reelection Bid Called Into Question

December 11. 2009

Chris Dodd

Senator Chris Dodd is facing difficulty in his reelection bid, due to financial scandals he has been involved in, such as Countrywide issuing him a special, discounted loan to sway favor in Congress.

The everyday citizen does not like it when lawmakers get into sweetheart deals with conglomerates that determine the quality of the goods and services they receive as consumers. Dodd has had one too many problems in this regard and it is clearly adding up.

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December 11, 2009 11:58 AM - Chris Dodd (D-Conn) has been in the Senate for five terms, rising through the ranks to become one of the most powerful lawmakers in Congress...

For much of the past year, Dodd, who heads the Senate Banking Committee, was the subject of voter outrage for his role in the payment of bonuses to executives at AIG, the troubled firm that received a massive federal bailout.

Dodd's close connections to leading bankers are coming back to haunt him. One such connection is to former Bear Stearns director Edward Downe Jr., who once shared a condo with Dodd. After Downe's conviction for insider trading, Dodd leaned on President Clinton to pardon Downe at the end of his presidency.

Dodd's reputation also took a hit amid allegations that insurance giant Countrywide gave him "VIP" treatment in refinancing his home...

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