| It seems that when I am researching the economic crisis I keep coming up with Senator Dodd or a connection to him. Recently he has been criticizing the bonus paid to financial people. Then it come out that he slipped a line in the bailout bill, that was rushed through congress, that allowed for the financial people to keep their bonus and the Democrats approved. Next we find out that he is the top recipient of aig political donations. AIG needs a big time bailout. He is the ranking Democratic and or Chair of the Senate Banking Committee, which is to oversee the industry and make sure they are doing things right. Country Wide Bank fail and Bank of America has to buy them out to keep thing going. Then we find Senator Dodd received a million dollar plus mortgage from Countrywide with very generous terms. Things like no point, sub par interest rates and a notation that he is a "friend of Manny's". When questioned he did not know that he was receiving special treatment, and he is overseeing the Banking Industry and does not understand how mortgages work. Fannie and Freddie need a federal bailout, together they gave over a million dollars to... |
