Sure seems like Chris Dodd took a bullet for the Obama team, and for the life of me I can’t figure out why he is the fall guy in all of this. He, after all, was the one who wanted the toughest rules in place, and then was negotiated downward by the folks at Treasury. Here is his latest statement:
“I’m the one who has led the fight against excessive executive compensation, often over the objections of many. I did not want to make any changes to my original Senate-passed amendment but I did so at the request of Administration officials, who gave us no indication that this was in any way related to AIG. Let me be clear – I was completely unaware of these AIG bonuses until I learned of them last week.
“Reports that I changed my position on this issue are simply untrue. I answered a question by CNN last night regarding whether or not a specific date was aimed at protecting AIG. When I saw that my comments had been misconstrued, I felt it was important to set the record straight – that this had nothing to do with AIG.”
That makes sense, is consistent, and the only thing missing is who it is at Treasury that set him up for the fall. And why. When all hell broke loose with the AIG stuff this week, the folks over there sure knew where to stick the long knives and quick, and Dodd looked to have no idea what hit him.
*** Update ***
Al Giordano says nonsense, and I am being played the fool. Which should not be surprising to anyone at all.