Dodd is Done

Senator Chris Dodd for the first time Wednesday acknowledged he was instrumental in creating legislation that cleared the way for disgraced executives at taxpayer-rescued AIG to walk away with hundreds of millions of dollars in bonuses.
And the Connecticut Democrat had to explain the receipt of more than $100,000 in campaign donations last cycle from AIG workers, vowing to return any tainted contributions from company executives.
But the campaign contributions issue will be dwarfed by whether Dodd eased the way for huge executive bonuses at AIG. In an interview Wednesday afternoon, the senator said he had hoped an amendment he had drafted to limit executive pay under last year's Targeted Asset Relief Program would have ruled out hefty bonuses.
more HERE
Dodd's Full Statement HERE
video report HERE

...Democrat...Republican...it doesn't matter...throw the bum out!

pre-Depression Economics

The bankruptcy of financial services giant Lehman Brothers and the 500-point drop in the stock market on September 15, 2008 have sent shock waves through the financial community. Law professor Michael Greenberger tells Terry Gross that government's decision to bail AIG out is a sign that the economy is "teetering on the brink."
NPR story and podcast HERE