Dodd and his pardon

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.

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  1. Pingback: Dragging Dodd Downe? - CTVoter2010’s blog - RedState