Briefly Quoted. “I don’t know what the rates are today.”
— Sen. Chris Dodd (D-Conn.), surprising reporters on Tuesday with his unfamiliarity with current mortgage rates. Dodd, who was explaining why he planned to keep his scandal-tarred Countrywide Financial home mortgages, is the chairman of the Senate Banking, Housing and Urban Affairs Committee.
Yup, why would the chairman of the Senate Banking Committee have any interest in what mortgage rates for working Americans are? Of course, if he had been staying on top of what the going mortgage rates are he couldn’t plead ignorance to the fact he got preferential treatment for his own mortgages with Countrywide.