A World Gone Mad
By Michael Reagan
March 19, 2009
Page 2 of 2
This Dodd character is something else. The head of the Senate Banking Committee, he gets a favorable mortgage from a now out-of-business lender, and took enormous contributions from AIG, which has given him $280,000 in political fund raising. Moreover he got the most from Fannie and Freddie's PACs and employees, a healthy $133,900 since 1989.
Rep. Barney Frank, D-Mass., got more than $40,000 in campaign donations from Fannie since 1989 -- and was once romantically involved with a male Fannie Mae executive.
When the House pushed for reform of Fannie/Freddie when Republicans were in control of Congress, Chris Dodd killed it in the Senate Banking Committee.
Al Hubbard, former head of the National Economic Council, asked, "Where was Dodd? Where was Frank? Where the recipients of Fannie/Freddie money were 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."
And, by the way, guess who wrote the stipulation that AGI must make those bonus payments? Right. None other than Chris Dodd
As Karl Rove has said, "All of this bad stuff on Wall Street happened because people got greedy and the greed started at Fannie Mae and Freddie Mac."
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Mike Reagan, the elder son of the late President Ronald Reagan, is heard on radio stations nationally as part of American Family Radio (www.afr.net). Look for Mike's newest book, "Twice Adopted" and other info at www.Reagan.com. E-mail comments to Reagan@caglecartoons.com.
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Note -- The opinions expressed in this column are those of the author and do not necessarily reflect the opinions, views, and/or philosophy of GOPUSA. >> Back -- Page 1 2
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