Friday, February 20, 2009
Did Campaign Cash Influence Bailout? Banks Get 258,000 Percent Return From Investments In D.C. Pols.
From KC Tribune:
“We're still in trouble. And it's now in the real economy. This is what is so frustrating. This is not Katrina. This is not a natural disaster. This was a man-made one. This was avoidable. This was preventable. What began with a problem with sub prime mortgages, which could have been corrected with some pain, clearly, but could have been corrected, has now cascaded into a problem that is affecting virtually millions of people's lives, their homes, their jobs, their retirements. So that is the great sadness in all of this, despite the efforts of many, including ourselves. And we're not without culpability.”
--Sen. Christopher Dodd (from Frontline Interview on the Financial Meltdown)
In my weeks of research into understanding how America went from economic lynchpin to a wayward ship drifting on a sea of economic trouble, I find myself baffled and appalled by statements from Sen. Christopher Dodd (D-CT), Chairman of the Senate Banking, Housing and Urban Affairs Committee.
His anger seems real enough. But the stench of hypocrisy reeks up the room every time he forgets to mention the hundreds of thousands of dollars he received in 2008 as campaign donations from these same banks, their management and employees—currently now under receivership of the U.S. taxpayer.
Read more ....
My Comment: Follow the money .... the truth will always be found.