On Tuesday, March 18th, Senator Dodd gave a comletely different asnwer than the one he gave the day before. On Monday he said he had no idea how or why the key paragraph that limited Executive's bonuses to not more than $100,000 was removed from the TARP legislation.
Today, Tuesday, Senator Dodd had a miraculous revovery of his recollection as to what happened.
He said people from the Treasury Dept. were responsible for removing the key paragraph. When asked by Wolf Blitzer who from the Treasury Dept.had contacted him, Senator Dodd CONVENIENTLY said he didn't know who it was from Treasury and they had talked to his staff, but not him!!!!
i.e. Dodd stated it was his legislation but inferred that the paragraph that essentially gutted his legislation of any teeth had been removed by his staff without his knowledge and he had no idea who from Treasury had contacted his staff!
WAY TOO CUTE AND CONVENIENT BY HALF BY DODD WHO TOOK $105,000 FROM AIG IN CAMPAIGN CONTRIBUTIONS AND WAS INVOLVED IN SCANDALOUS BREAKS IN INTEREST ON HIS HOME LOAN.
EVERY TIME SOMETHING SCANDALOUS OCCURSS INVOLVING BANKS AND OTHER FINANCIAL REGULATION, DODD'S NAME SURFACES.
Comments
Did Dodd Diddle...with DooDoo?
He's out after this term, anyway. Doubtful he'll even run.
He's lying, of course. He has enough friends on the inside to divert and weather this one, most likely. I could be wrong. G said it earlier (I think it was G...): they didn't think it would take this long to "unwind" AIG. Now, things are starting to unravel and it's likely to get ugly. But Obama will referee. (Good thing Hilary's off and away from this dirty mess.:-)
I guess this guy is pissed
Or maybe doesn't realize one shouldn't use all caps and instead format!
But I am sure it true on Dodd. I believe he's been the financial sectors personal representative for some time.
Dodd is now pointing to "unnamed" administration "official"
latest here.
and Politico is confirming it was "the Treasury", i.e. Tim Geithner.
Another factor needed to be discovered is are the bonuses really given to those who created the mess....or the ones hired to clean up the mess.
and in turn it's being turned to the federal reserve, i.e. Ben Bernanke.
AIG specifically said the Fed is on every meeting at AIG in today's hearing.
Big difference.