Where Was Chris Dodd?
Ed:
Hubbard notes that the Bush administration long supported reform at Fannie Mae and Freddie Mac. He also tells viewers that the House managed to pass Fannie/Freddie reform when Republicans had the majority, but Chris Dodd killed it in the Senate Banking Committee. Dodd, Hubbard reminds us, took the most money from Fannie/Freddie sources, and had little incentive to press for tighter oversight.
Where was Dodd? Where was Frank? Where were the recipients of Fannie/Freddie money during the years in which Fannie Mae’s fraudulent business practices were exposed? They were in the pockets of Fannie Mae and Freddie Mac, and busy telling us that no problem existed ” and that regulators who reported the irregularities were racists. They sold us out ” and the media has let them off the hook.
September 30, 2008 - 10:49 AM on September 30th, 2008
Dodd is a steaming pos. He is part of the problem, bigtime. He is another one that should be arrested on the floor, dragged off to prison or the guillotine.