Wednesday, March 18, 2009

Chris Dodd believes in magic

Chris Dodd, Senator from Connecticut, is currently under fire for a number of spurious actions:

A sweetheart deal on two mortgages from now defunct Countrywide Financial, an organization with which he was charged oversight as a member of the Senate Finance Committee.

His ownership of an Irish cottage (looks more like an Irish mansion) may have been leveraged by his relationship with CF.

However those investigations aren't today's dilemma - turns out Chris is responsible for writing the part of the TARP bailout plan that allowed the now famous 165 million in bonuses to greedy AIG managers.

Chris must think a magician got hold of the bill since he wrote the section on compensation bonuses.

"When I wrote the language there was no such language like that," Dodd told CNN Tuesday.

What other magic tricks can we expect in the language of the Stimulus plan?

Can't wait.

UPDATE: Apparently Chris misremembered...

WASHINGTON (CNN) — Senate Banking committee Chairman Christopher Dodd told CNN’s Dana Bash and Wolf Blitzer Wednesday that he was responsible for adding the bonus loophole into the stimulus package that permitted AIG and other companies that received bailout funds to pay bonuses.



Anonymous said...

Breaking News: Dodd Says loophole that protects AIG Bonuses added per request of the Obama administration. The video is about a fifth of the way down.

Obama should take full and direct responsibility for this mess.

Jack said...


Bush at least always told you what he was going to do and then he did it.

I always believed the guy, though i may not have always agreed. I prefer honesty over lies.

Obama is disappointing on so many levels.