Some Senators Won't Give Mortgage Details

By Christopher Weber
Jun 24th 2008 1:50PM

Filed Under:eSenate, Chris Dodd, Scandal

Is there a bigger mortgage scandal a'brewin' in Washington? By now you've read about Senators Chris Dodd (D-Conn.) and Kent Conrad (D-N.D.), who -- they say unknowingly -- received VIP treatment on their home loans from Countrywide. Now Politico is wondering how widespread the problem is. Politico has asked all 100 senators to reveal the details of their mortgages. "Seventy-seven senators have complied so far. Twenty-three have not."
Senate ethics experts say the controversy over the special mortgages received by Dodd and Conrad has opened a window into the clubby world where senators can dial up major banking executives and discuss their financial needs, as Conrad did.

"This short list of senators who did not disclose is where I would start an investigation," said Keith Ashdown, a vice president of Taxpayers for Common Sense. By failing to disclose, he said, senators are "not only in the cross hairs of investigators, but they're also making this a political issue in an election year, because it looks like they have something to hide."
Right now senators don't have to disclose home loan details unless they're getting rental income from the property, but now with the Dodd and Conrad controversies Senate Majority Leader Harry Reid wants to change the rules and make such information public.

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