Evan McKenzie on the rise of private urban governance and the law of homeowner and condominium associations. Contact me at ecmlaw@gmail.com
Tuesday, March 24, 2009
How politics works: Senator Christopher Dodd and his cosy Irish cottage :: Toby Harnden: "Dodd became part owner of the 10-acre Galway property in 1994 along with Missouri businessman William Kessinger, whom Dodd knew through investor Edward R. Downe Jnr, who had pleaded guilty the previous year to insider trading charges. The mortgage was listed as 'between $100,001 and $250,000'. Downe was a witness to Kessinger's purchase.
In 2001, Dodd circumvented the US Justice Department to help get his pal Downe a full pardon on President Bill Clinton's last day in office. The following year, Dodd bought off Kessinger's two-thirds share of the 'cottage' for, Dodd said, $127,000.
Ever since then, Dodd has continued to list the value of the property as 'between $100,001 and $250,000'."
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"Cottage"? This is a cottage? This is the same Sen. Dodd who got a sweetheart deal from Countrywide. And the same Dodd who included in the stimulus bill the provision that allowed AIG to pay the bonuses. And who then told CNN he didn't do it. And who eventually was forced to admit that he did.
One would hope that his constituents can read about this in US newspapers and don't have to search the web for a UK newspaper like this one.
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