WSJ Takes a Bludgeon to Senator Dodd

It’s Day: Who Cares? of the Chris Dodd saga, and one of the nation’s most respected newspapers has seen fit to use its editorial pages today to rhetorically bludgeon U.S. Senator Chris Dodd. The man even has his own stenciled visage in the online edition of the article. The writing is on the ‘Wall’ for Sen. Chris Dodd (lame joke), and everyone has read it but him.
Do yourself a favor and read the whole piece.
The highlights:
The Senate Ethics Committee has been looking into possible conflicts of interest in Connecticut Senator Chris Dodd’s 2003 mortgages. Now questions about another Dodd real-estate adventure, this one in Ireland, should keep the Ethicists even busier. All the more because Mr. Dodd’s “cottage” purchase involves a crooked stock trader for whom the Senator once did a very big political favor…
The next year — according to a transfer document at the Irish land registry viewed by Mr. Rennie — Mr. Kessinger sold his two-thirds share to Mr. Dodd for $122,351. The Senator says he actually paid Mr. Kessinger $127,000, which he claims was based on an appraisal at the time. That means, at best, poor Mr. Kessinger earned less than 19% over eight years on the sale of his two-thirds share to Mr. Dodd. But according to Ireland’s Central Bank, prices of existing homes in Ireland quadrupled from 1994 to 2004…
Mr. Dodd is busy these days blaming everyone else for the real-estate bubble and financial meltdown. But he owes his constituents and the Senate an honest accounting of his Galway property over the past 15 years. If its value grew with the rest of the area, he needs to explain why Mr. Kessinger handed it over for a song, why that isn’t an unreported gift under Senate rules, and what role Mr. Downe might have played as a middleman.
It’s time, Senator – time to go.
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What is Dodd doing in that conspicuous photo? He’s got to stop flagellating himself over this and just leave town with all the money and rhododendrons he’s got left. That’s what I would do. Maxine Waters should follow suit. Take the money and run.