Senator Dodd Plays the Pot to GM’s Kettle
This recent MSNBC article caught my eye: “Key Lawmaker Calls for Head of GM to Step Down.”
The “key lawmaker” is Sen. Chris Dodd (D-CT), who imparted this nugget of wisdom on a popular morning news program:
“It is not my job to hire and fire, but what I’m trying to suggest is that you need to have new teams in place,” Dodd told ABC’s Good Morning America show on Monday.
“If you are going to restructure a company you can’t be asking the people frankly, many who were involved in creating the problems we’re in, to be involved in restructuring.”
Pot, meet kettle. Or, as I usually refer to him, “Connecticut’s other senator.” (Full disclosure: he is my senator.) Despite his seniority in Washington, few people outside of Connecticut had heard of Dodd until recently. In fact, so few people had heard of Dodd that his run for the Democratic presidential nomination garnered him a whopping 0% of the vote in Iowa, making him one of the first casualties of the 2008 primary season. His was less of a “dark horse” candidacy than a dime-a-dozen candidacy.
His recent claim to national fame — or is that infamy? — is related to his involvement in the subprime mortgage meltdown. As the head of the Senate Banking Committee, Dodd was one of the stooges involved in overseeing what was going on over at Freddie Mac and Fannie Mae. His partner in crime was his House counterpart, Barney Frank.
Great!
Did Chris Dodd quit?
About frigging time!
Oh….
should have read the whole post before commenting.
/
Producing mortgage documents by these fellows is going to be difficut. Frank
Raines, former CEO of Fannie, stated yesterday during a hearing “I no longer
own the property and do not know if I still have the documents but I’ll look for them.” I think I’ll invest some money in companies that make paper shredders.
I am old enough to remember Christopher Dodd’s father, Senator Thomas Dodd. He was Censured by the Senate on June 23, 1967 for financial improprieties, having diverted some $116,000 in campaign and testimonial funds to his own use. This was probably the tip of the iceberg being all that was totally obvious at the time. The apple did not fall far from the tree.
Christopher Dodd amazes.
This chairman of the Senate Banking Committee didn’t know (uh huh) he was himself getting a sweetheart home loan from his buddy at Countrywide.
You’d think with Fannie, Freddie, Barney Frank, Dodd and the crowd (not to mention Charlie Rangel (aka The Wrangler), these people would bow their heads in shame.
But no, they go on to preach.
Unteachable, they are.
Just watching Frank remark on business ethics makes my stomach roil.
Yeah, good old Chris Dodd. Says something about the majority of Connecticut voters when they keep sending him back time after time. Maybe he truly represents their values. Oh, I forgot! He’s a Democrat. That excuses everything. At least the voters in Louisiana and Alaska had the good sense to get rid of their crooks this time. Bye, Bye William Jefferson and Ted Stevens.
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By the way, I hope all you rich liberals out there are going to pay a bunch of taxes because Joe Biden said it’s your patriotic duty to do so and I am waiting for my share of the free stuff Obama promised me.