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Dick Armey expresses his opposition to the Dodd/Frank bailout bill because it benefits the banks more than the homeowners.
U.S. Senator Chris Dodd recieved a "VIP" loan from Countrywide Bank saving him $75,000, and in turn he advocated for a bailout package which unfairly helps Countrywide.
From the Wall Street Journal to the Associated Press, the national
media were reporting Friday that U.S. Senator Christopher Dodd received
favorable mortgage rates from a highly controversial mortgage company.
Dodd received two 30-year loans from Countrywide Financial Corp.,
whose chairman and chief executive officer, Angelo Mozilo, has
testified in front of Congress about problems in the subprime crisis.