Wednesday, after a Hartford speech, Mr. Dodd was asked again whether he would release the loan documents. "Not right now, no," he replied. An aide later said that "he intends to do that, [but] not at this time."In a scene straight out of bizarro world, Dodd is blasting regulators for not adequately overseeing mortgage lending markets.
Following the speech at the Connecticut Convention Center, Mr. Dodd also said, "There is nothing to the story."
If that is so, Mr. Dodd's releasing the records would add an exclamation point to his defense. Refusal to do so punctures his credibility, dismays his friends and adds heft to partisan Republican claims that Democrats such as Mr. Dodd had a lot to do with the current financial meltdown.
Do the right thing — and soon — Mr. Dodd.
Senate Banking Committee Chairman Christopher Dodd, a Connecticut Democrat, said regulators, including the Federal Reserve, failed to adequately police the mortgage lending markets.He fails to mention, of course, the fact, he's the biggest recipient of Fannie Mae largesse, along with Barack Obama.
"Our nation's financial regulators willfully ignored abuses taking place on their beat, choosing to embrace the same faulty assumptions that fueled the excessive risk-taking in the marketplace," Dodd said.
Cany the hypocrisy be any greater?
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