The Everyday Republican

Rep-Am: Dodd Wrote AIG Bonus Script

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U.S. Senator Chris Dodd is having a lousy week.  The latest hiccup is the continuing AIG fiasco, in which Senator Dodd played a starring role.  The Waterbury Republican-American’s editorial page was highly critical of Dodd today:

Declaring AIG too big to fail, the government, with Sen. Dodd’s blessing, bailed out the company four times to the tune of $180 billion. Part of the money came from Sen. Dodd’s TARP, which gave all beneficiaries a blank check to use taxpayers’ (borrowed) money as they saw fit. Unfettered by law or conscience, AIG converted $165 million of Sen. Dodd’s TARP money into bonuses for its Financial Products unit. You know, Sen. Dodd’s sugar daddies…

The author of that amendment? Sen. Dodd, who’s always looking out for his well-heeled buddies so they’ll remember him next time he’s up for re-election. Tuesday, he characterized the amendment as a pro-taxpayer measure that was gutted without his knowledge by unspecified House-Senate conference committee members who added the Feb. 11 provision. Then, late Wednesday afternoon, he changed his story, admitting he not only knew about the changes but actually made them at the request of Obama administration officials.

It doesn’t get much worse than that.

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1 Comment

  1. He’ll still win re-election with at least 60% of the vote.

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