NEW YORK TIMES: ANGELO WHO?

After months of delay, Senator Christopher Dodd has offered a fuller but less than satisfactory account of the V.I.P. mortgage loans extended to him by a key player in the subprime mortgage crisis. Mr. Dodd, the banking committee chairman who oversees remedies for the continuing financial crisis, denied any ethical wrongdoing or “sweetheart deals” in the $781,000 house refinancings he got through the Countrywide Financial Corporation. Even so, the senator announced his mortgages would be refinanced elsewhere as he decried being listed in internal loan files as a “Friend of Angelo.” That’s Angelo Mozilo, the Countrywide chief executive who had a lot of Washington friends happy to avail themselves of attractive mortgage deals before being overtaken by the subprime scandal.

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