Senator Christopher Dodd – The King Of Sweetheart Deals

Senator Christopher Dodd is Senator from Connecticut and the Chairman of the powerful Senate Banking Committee. Christopher Dodd is currently involved in the scandal involving the bonus payouts to the executives of AIG. Christopher Dodd has been mired in controversy since the summer of 2008 when it came to light that he received two under market sweetheart loans from Countrywide due to his relationship with then CEO Angelo Mizilo.   The involvement off Christopher Dodd in the AIG bonus debacle is something that will dwarf his sweetheart loans from Countrywide.

This week the taxpayers of the United States were outraged to learn that executives of failed insurer AIG were going to get bonuses of $165 million dollars, in addition to the.

$1.2 billion that have already been doled out by the Federal Government. Is it a coincidence that Christopher Dodd is the Chairman of the Senate Banking Committee and his job is oversight of the Banking Industry?   The following two paragraphs are a snapshot of what kind of government represents you and how they are wasting your hard earned tax money: ifb senator wss 8 kg

“For a while, the disappearance of an executive bonus restriction from last month’s economic stimulus looked like sleight of hand worthy of a Las Vegas stage. No one could explain how the provision faded into thin air. On Wednesday, Sen. Christopher Dodd, D-Conn., acknowledged that his staff agreed to dilute the executive pay provision that would have applied retroactively to recipients of federal aid.” However, Dodd said he was not aware of any American International Group Inc. bonuses at the time the change was made.he provision was the subject of new attention this week because, had it survived, it would have prevented AIG from granting $165 million in bonuses to employees of its financial products division.”

“Over the years, Dodd has been the top recipient of campaign contributions from AIG employees. During 2007-2008, when he ran for president, he received nearly $104,000 from AIG employees and their families, according to the Center for Responsive Politics, a nonpartisan group that monitors money in politics.”

-Source:  Associated Press Writer Jim Kuhnenn, from article titled “Dodd: Administration sought bonus limit revision.”   Dated March 19,2009.

This is your government at work for you. In this climate of waste, greed, and lust for power at any cost you have to take action to protect your interests. If you are a struggling homeowner, or someone who feels that they have been taken advantage of by a Mortgage Broker, Bank, or Lender please give me a call. I will be happy to discuss all your options.  If you have a loan and did not provide any income documents to your Broker there is an 85% chance that your loan contains some sort of actionable fraud that can be used to your benefit. There are Federal and State Laws that were designed to protect you from deceptive lending practices.  While Christopher Dodd evades tough questions about his involvement in the AIG scandal you certainly will find a solution to your situation, whatever that may be.

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