Dodd criticized for AIG involvement
Connecticut Sen. Chris Dodd bore the brunt of public criticism last week for the American International Group’s $218 million scandal regarding bonuses paid out to its employees.
The chairman of the Senate Banking Committee, Dodd faced stiff opposition from the media and constituents after he confirmed to CNN he was involved in including a loophole in last month’s federal stimulus bill. The loophole — which prevents existing executive contracts from being changed — allowed AIG’s contractual bonuses to be paid out, even though the company received more than $170 billion in public...
Gee, it's de ja vu all over again. First, Tom and now Chris. I suspect he will march on like his old man.