Wednesday, March 18, 2009

Dodd: Oh Yeah, That's Right, I Did Allow For AIG Bonuses

The mind boggles.

A day after playing dumb and claiming he had no knowledge that his own loophole allowed for AIG bonuses to be paid, Connecticut's Christopher Dodd, increasingly on thin political ice, pulls an about face.
Sen. Chris Dodd (D-Conn.) looks like he may be facing a fresh political firestorm.

Dodd just admitted on CNN that he inserted a loophole in the stimulus legislation that allowed million-dollar bonuses to insurance giant AIG to go forward – after previously denying any involvement in writing the controversial provision. .

“We wrote the language in the bill, the deal with bonuses, golden parachutes, excessive executive compensation that was adopted unanimously by the United States Senate in the stimulus bill,” Dodd told CNN’s Wolf Blitzer this afternoon.

“But for that language, there would have been no language to deal with this at all.”

Dodd had previously said that he played no role in writing the controversial language, and was not a part of the conference committee that inserted the language in the bill. As late as today, Dodd’s spokeswoman denied the senator’s involvement.
The man has zero shame, and even less credibility.

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