Race for '08: Chris Dodd

Senator Christopher Dodd (D-CT) speaks to supporters in Pella, Iowa December 5, 2007. (Carlos Barri/Reuters)

Freddie Mac, Fannie Mae cut losses on Dodd comments

Reuters - Fri Jul 11, 2:29 PM ET

NEW YORK (Reuters) - Shares of Freddie Mac briefly turned positive on Friday and those of Fannie Mae sharply pared their losses after Sen. Christopher Dodd, chairman of the Senate Banking Committee, said the two government-sponsored mortgage giants were fundamentally sound.

  • In this Feb. 25, 2008 photo, Sen. Chris Dodd, D-Conn., smiles as he is introduced to members of the Middlesex County Chamber of Commerce in Cromwell, Conn. If the veteran Senator's trademark jaunty smile seems a bit forced these days, it's no surprise. The five-term Democrat's home-state popularity has slipped in the wake of his failed presidential bid and allegations he got cut-rate mortgages from a leading offender in the subprime mortgage meltdown. (AP Photo/Jessica Hill, file)
    Obama seeks info on Dodd in vice president search AP - Fri Jul 11, 7:27 AM ET

    WASHINGTON - Barack Obama's presidential campaign has requested information from Democratic Sen. Chris Dodd as part of its search for a possible vice presidential candidate.

  • In this Monday June 23, 2008 file photo, Sen. Christopher Dodd, D-Conn., talks with the media in Danbury, Conn. before a business luncheon. If veteran Connecticut Sen. Christopher Dodd's trademark jaunty smile seems a bit forced these days, it's no surprise. The five-term Democrat's home-state popularity has slipped in the wake of his failed presidential bid and allegations he got cut-rate mortgages from a leading offender in the subprime mortgage meltdown. (AP Photo/Douglas Healey).
    Dodd's popularity slips in Connecticut AP - Tue Jul 8, 3:34 AM ET

    WASHINGTON - If veteran Connecticut Sen. Christopher Dodd's trademark jaunty smile seems a bit forced these days, it's no surprise.