Posted by
Mike Dixon on Thursday, March 19, 2009 8:03:14 PM
Now this is funny. This is the same Chris Dodd who got sweetheart "friend of the CEO" mortgages from Countrywide Financial while he happened to be Chair of the Senate Banking Committee. As we all know, though thoroughly under-reported, Dodd promised to release all pertinent documentation but never did until 10 months later in very limited fashion for a handful of select reporters who were allowed to read but not photocopy or reproduce select disclosure documents pertaining to his Countrywide mortgages.
Then fast forward to today. Of course now that there is feigned angst over the "excessive" AIG bonuses, it becomes clear now that Washington knew about these bonuses for at least 6 months and that Chris Dodd was the architect of the legislation protecting AIG's ability to issue these bonuses. Dodd then claimed for days that he did not author that particular language and that some other office had inserted the language as no legislation authored by his office included that language. I don't know who had the fabled "pictures" of Dodd, but some undisclosed phenomena has led Dodd to recant his story and admit that he really did write the legislation after all. Of course his new lie is that he was forced to do so by Treasury.
Wow. And you know that he and Barney Frank were responsible for the whole housing market implosion/fiasco through social engineering policies to provide affordable housing to people that couldn't qualify for a mortgage. It just makes me sick to have to listen to these people and their phony outrage. Why do I care whether AIG paid $160 million in bonuses when Dodd, Frank and Geithner can't tell me what AIG did with $165 billion? Then in comes Obama, a constitutional lawyer and law professor, arguing that contracts, in a nation of law, should be voided or that the taxing authority of the Federal government should be wielded as a political weapon. How stupid do they think we all are? What will restrain these politicians when they look at you and determine that you have too much money?