Saturday, October 11, 2008
Politicians - Sen. Christopher Dodd
From all I've read, Sen. Dodd and U.S. Rep. Barney Frank are implicit in enabling or encouraging legislation that is likely the root cause of the current financial meltdown.
Both politicians are loudly blaming everyone but themselves.
I think their abundance of denouncements are an contrived attempt to distract us...
Both politicians are loudly blaming everyone but themselves.
I think their abundance of denouncements are an contrived attempt to distract us...
Wall Street Journal wants to see him exposed:
"Former Lehman Brothers CEO Dick Fuld was under oath Monday when he was grilled on Capitol Hill about his role in the current financial meltdown. But if Members really want to understand the credit mania, they should also call Chris Dodd.
The Connecticut Senator has been out front denouncing the 'companies that form the foundation of our financial markets,' for 'their insatiable appetite for risk." He has also decried 'reckless, careless and sometimes unscrupulous actors in the mortgage lending industry' and he has proclaimed that 'American taxpayers deserve to know how we arrived at this moment.' To that end, we propose he take the stand -- under oath.
Former Countrywide Financial loan officer Robert Feinberg says Mr. Dodd knowingly saved thousands of dollars on his refinancing of two properties in 2003 as part of a special program the California mortgage company had for the influential. He also says he has internal company documents that prove Mr. Dodd knew he was getting preferential treatment as a friend of Angelo Mozilo, Countrywide's then-CEO."
