If any one Senator is to blame for the mortgage and banking catastrophe, it's Chris Dodd. He took what appear in hindsight to be bribes to interfere with regulators on behalf of Fannie and Freddie, whos collapse led to the insurance trouble with AIG. Dodd has been denying that he had anything to do with the bonus contracts of AIG which awarded executives millions even as the company took taxpayer money to stay afloat....In a dramatic reversal Wednesday, Sen. Chris Dodd confessed to adding language to a spending cap in the stimulus bill last month that specifically excluded executive bonuses included in contracts signed before the bill's passage.
Dodd, D-Conn., told FOX News that Treasury officials forced him to make the change.
"As many know, the administration was, among others, not happy with the language. They wanted some modifications to it," he said. "They came to us, our staff, and asked for changes, and the changes at the time did not seem that obnoxious or onerous."
This is hilarious! Dodd is blaming Obama for the AIG bonus debacle. It's about time a democrat threw Obama under the bus for a change. It won't stick though, Obama is still made of teflon, at least for now. Dodd will just have to eat this one and hope he can get re-elected in spite of lying for days to the American people.
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