December 14, 2008


The most preposterous of the many competing for that title is the requirement that the automakers develop plans to revive their companies and present them in March. That’s three months away. Consider this: It’s been six months since Sen. Christopher Dodd, one of the authors of this fiction bill, pledged to release the approximately 100 pages of documents related to his sweetheart mortgages with Countrywide Financial.

Dodd’s woven many tales of why he can’t, won’t or doesn’t need to and never intended to release the documents from deals that will save him tens of thousands of dollars over the terms of the mortgages. The favors Dodd accepted from Countrywide sparked a Senate ethics investigation and may be part of a federal criminal probe into Countrywide’s furtive, sustained campaign for influence in Washington.

Read the whole thing.

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