Friday, February 20, 2009

Chris Dodd seems above the law

Connecticut is the New Chicago:
If you think Senator Chris Dodd was friendly with former Countrywide Financial CEO Angelo Mozilo, check out the bond the Connecticut lawmaker enjoys with Richard Blumenthal, the state's attorney general. While Mr. Dodd refuses to make public the details of his sweetheart loans from Countrywide, the state's chief lawyer not only won't investigate; he has taken to the airwaves to proclaim Mr. Dodd's innocence and even predict his re-election in 2010.
Or maybe, he is the law (via Glenn Reynolds):

But the Senior Senator from Connecticut who said he personally turned a four-page draft into 80-plus pages of legislation that was passed, has crossed an ethical line. While he was crafting legislation to rescue his friends, Dodd “received $854,200 from the T.A.R.P. companies in the 2008 election cycle, including money to his presidential campaign” according to a recent Center for Responsive Politics (CRP) report.

And just this week, Dodd’s name surfaced again as recipient of $27,500 in campaign cash from the latest fraudulent investment house, Stanford Financial Group of Houston, TX, and Antigua. Robert Allen Stanford was a top Democratic contributor, and is currently at large—wanted by the F.B.I. for defrauding investors by inflating outcomes—in what appears to be a multi-billion dollar Ponzi scheme.

Glenn Reynolds says:
Returning the money doesn’t mean you weren’t in bed with him. It’s just laundering the sheets, after.

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