Senator Dodd Allows AIG to Recieve Bonuses
Wolf Blitzer tries to pin some blame on Senator Dodd (D-CT), who is the Senate Banking Chairman, who admits to taking out a provision in the recently passed stimulus bill that would have prevented AIG from receiving the recent contentious bonsues. Sen. Dodd claims the Treasury Department, through his Congressional staff, asked him to strike the language. His backpedaling is weak when he says “Sorry for the confusion…” because his earlier statement seems pretty clear. Sen. Dodd is a long standing member of the Senate and is charing the committee with jurisidcion of fixing our financial regulatory structure.
This might be a deal breaker for his re-election, considering other antics his consitutnents have not been happy with. What is interesting about all of this finger pointing is that Sen. Dodd says he was told by the Treasury Department to strike the language. The Treasury Department said they weren’t even aware the bonus were out there until just recently and President Obama, incharge or the Treusary Department, had no idea about the bonuses. If Sen. Dodd was chasing campaing dollars with this provision, he should be held accountable. Remember his state, Connecuticut, holds the top hedge funds and lots of financial campagin contributions stemm from the state he leads…
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