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July 27, 2009

Dodd and Conrad knew they had ‘VIP’ mortgages

Sens. Chris Dodd and Kent Conrad knew they had sweetheart mortgage deals, and Countrywide told them that at the time, according to “secret” Congressional testimony by Robert Feinberg, who worked in Countrywide's VIP section, to the Senate Ethics Committee.

On the other hand, Feinberg says it was not because they were senators, but because they were “friends of Angelo,” as in then-CEO of Countrywide Angelo Mozilo.

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