Chris Dodd opposed, in the most passionate terms, granting immunity to telephone companies who helped the government eavesdrop on terrorists
And opposed any pardon for Scooter Libby
But found it in his heart to forgive the man who was a campaign contributor and co-owner of the Magic Irish Cottage which Dodd was to shortly buy out for peanuts. Speaking on behalf of that generous friend, Edward Downe Jr., Dodd wrote a letter to Clinton that enabled his friend and financial benefactor escape the consequences of his actions.
Dodd Helped Friend Secure Presidential Pardon
By DAVID LIGHTMAN
The Hartford Courant, February 24, 2001
WASHINGTON – Sen. Christopher J. Dodd personally wrote
President Clinton a two-page letter requesting a pardon for
Edward Downe Jr. of New York, who pleaded guilty in 1993
to violating tax and securities laws. Clinton granted the full
and unconditional pardon last month.
Downe, a former director of the Bear Stearns investment
firm, was also accused by the Securities and Exchange
Commission of providing inside information to friends and
family in the late 1980s, an effort that, according to the SEC,
allowed them to amass $13 million in profits. Dodd, who was
present at Downe’s sentencing hearing in 1993, is an old
friend. “They’ve known each other for 20 years,” said Dodd
spokesman Marvin Fast. “He’s a very good friend.”
Downe was sentenced to three years’ probation and
community service for the federal violations. In 1994 he
agreed with the SEC to pay back $11 million. He did not
admit or deny guilt.
Dodd once headed the Senate’s Securities Subcommittee,
which oversees securities matters. Fast insisted there was
no connection. “He has paid his debt to society,” he said of
Downe. “Sen. Dodd has said there’s not a sinner without a
future or a saint without a past.”
In his letter to Clinton, the senator, who initiated the pardon
request, said he and Downe speak nearly every day.
“Ed made a mistake a couple of years ago, for which he has
accepted full responsibility,” Dodd wrote. “Over the years,
Ed has expressed to me, his family and his friends his deep
remorse for his actions.”
What has particularly moved him, Dodd added, was that
although Downe’s community service obligation ended long
ago, “because he found the experience so rewarding, Ed has
continued to teach and assist students as a volunteer.”
Downe’s service consisted of teaching mostly minority
students at the Brooklyn campus of Long Island University.
“The example of Ed’s private goodness is extensive,” Dodd
said, “but they all share one thing in common – they were all
done quietly to help people, average people in need.”
Downe was a frequent contributor to Democratic campaigns,
usually in $1,000 chunks. He gave Hillary Rodham Clinton
$1,000 and Vice President Al Gore $1,000 in 1999, and gave
Dodd $2,000 in 1995.
Downe could not be reached for comment, but SEC officials
told USA Today last week that they were not notified about
the pardon. Fast said it went through proper channels, and
Dodd did not speak personally to President Clinton about the
matter.