All Posts Tagged With: "Chris Dodd"
Dodd Doesn’t Know
“No one will know until this is actually in place how it works.” That’s Sen. Chris Dodd commenting on the 2,319-page financial regulation bill that he helped construct and that is wending its way through Congress. Dodd’s words must be a relief to the 535 congressmen and President: no point in reading the gibberish-laden monstrosity [...]
30Jun2010 | Sheldon Richman | 2 comments | ContinuedWho Watches Our Guardians?
Predictably, the leading inquisitors into the causes of the financial turmoil are themselves among the most culpable: Rep. Barney Frank, Sen. Chris Dodd, and New York Attorney General Andrew Cuomo. AIG got into trouble because it in effect wrote insurance policies (credit default swaps) against the failure of securities based on mortgages, many of which were waiting to blow up when the housing bubble burst. Who created the housing bubble?
21May2009 | Sheldon Richman | 1 comment | ContinuedTGIF: Crocodile Tears over AIG
If politicians spill any more crocodile tears over AIG, the EPA might have to declare Washington, D.C., a protected wetland. Sweep aside the phony expressions of “outrage” over AIG’s government-financed $165 million in bonuses (the information was in black and white) and ask yourself this: Who supplied the money? The rest of this week’s TGIF [...]
20Mar2009 | Sheldon Richman | 0 comments | Continued-
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