Friday, April 24, 2009

Another Dodd Donor Debacle: ICE And Oil Speculators

The Next Right:

The hits keep on coming on Chris Dodd's flaky first quarter finance report.

We learned he raised $44,000 from usurious payday lenders. So, could he find some donors even more anti-consumer than that bunch?

Answer: Yes.

Dodd raised $18,400 from executives at the Intercontinental Exchange. "one of the nation’s leading exchanges trading credit default swaps and other risky financial instruments."

Actually, what the Intercontinental Exchange (a/k/a "ICE") did in 2008 is far more problematic.

Read more ....

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