Rob Simmons outraises Chris Dodd for third quarter of 2009

Rob Simmons announced that he has raised $970,000 for the 3rd quarter of this year, outraising corrupt Democrat Chriss Dodd who announced that he raised $900,000 in the third fundraising quarter. According to Politico, Dodd’s total also falls well short of the $1.2 million that he raised during the second fundraising quarter, and will be one of the lowest for incumbent senators facing competitive re-election bids.

October 14, 2009 · Filed Under Chris Dodd, Democrats

Comment

Dodd resisting subpoenas for his Countrywide VIP loan deals

Michelle Malkin’s syndicated column today exposes everything you need to know about Obama, Chris Dodd, and the recently revealed information that Dodd is resisting subpoenas for his Countrywide VIP loan deals.

July 31, 2009 · Filed Under Chris Dodd

Comment

Countrywide official confirms Democrats Dodd and Conrad told they were getting sweet mortgage deals

Despite their denials, influential Democratic Sens. Kent Conrad and Chris Dodd were told from the start they were getting VIP mortgage discounts from one of the nation’s largest lenders, the official who handled their loans has told Congress in secret testimony. More from Breitbart:

Both senators have said that at the time the mortgages were being written they didn’t know they were getting unique deals from Countrywide Financial Corp., the company that went on to lose billions of dollars on home loans to credit-strapped borrowers. Dodd still maintains he got no preferential treatment.

Dodd got two Countrywide mortgages in 2003, refinancing his home in Connecticut and another residence in Washington. Conrad’s two Countrywide mortgages in 2004 were for a beach house in Delaware and an eight-unit apartment building in Bismarck in his home state of North Dakota.

Robert Feinberg, who worked in the Countrywide’s VIP section, told congressional investigators last month that the two senators were made aware that “who you know is basically how you’re coming in here.”

July 27, 2009 · Filed Under Chris Dodd, Corruption, Democrats

Comment

Orrin Hatch’s lovefest for Chris Dodd is as disgusting as it is puzzling

Hopefully the next time this idiot Orrin Hatch is up for election in Utah, the people of the state vote him out. Chris Dodd, one of the most corrupt democrat senators out there (and that’s really saying something) is being slurped by Hatch. In an interview that aired on National Public Radio on Thursday morning, Hatch praised Dodd as “one of the better senators here.” From the Hill:

Hatch was being interviewed alongside Dodd on Democratic efforts on health care, and despite their differences, a love fest ensued.

“Now, I want to compliment Chris, because when Sen. (Ted) Kennedy has suffered from his illness, they asked Chris to chair this. And to come right in without staff and to be able do the job that he’s done, I’m really impressed,” Hatch said. “Of course, I always have been; Chris is one of the better Senators here. And I know that Ted felt that this would be in good hands with him.”

RINOS like Hatch, as well as corrupt Republicans and “lovesick” ones such as Sanford need to be cleaned out of the party already. Its one thing to want to vote out all the corrupt liberals, but when Republicans go on and on with their “principles” claim, how is anyone supposed to take the party seriously with the likes of Sanford, Ensign, etc?

July 17, 2009 · Filed Under Chris Dodd

Comment

Chris Dodd’s wife paid by AIG!

Senator Dodd, has been at the forefront of the AIG bonus controversy. While the media and democrats in congress show faux rage over those who received the bonuses (thanks to Geithner and Dodd where made possible in the first place), something else is developing. Chris Dodd was the #1 receipiant of AIG campaign donations last year (followed by Hussein Obama in a close second). Now RedState has learned that Dodd’s wife served on the board of – and was compensated by – an AIG subsidiary?

From 2001-2004, Jackie Clegg Dodd served as an “outside” director of IPC Holdings, Ltd., a Bermuda-based company controlled by AIG. IPC, which provides property casualty catastrophe insurance coverage, was formed in 1993 and currently has a market cap of $1.4 billion and trades on the NASDAQ under the ticker symbol IPCR. In 2001, in addition to a public offering of 15 million shares of stock that raised $380 million, IPC raised more than $109 million through a simultaneous private placement sale of 5.6 million shares of stock to AIG – giving AIG a 20% stake in IPC. (AIG sold its 13.397 million shares in IPC in August, 2006.)

Clegg was compensated for her duties to the company, which was managed by a subsidiary of AIG. In 2003, according to a proxy statement, Clegg received $12,000 per year and an additional $1,000 for each Directors’ and committee meeting she attended. Clegg served on the Audit and Investment committees during her final year on the board.

IPC paid millions each year to other AIG-related companies for administrative and other services. Clegg was a diligent director. In 2003, the proxy statement report, she attended more than 75% of board and committee meetings. This while she served as the managing partner of Clegg International Consultants, LLC, which she created in 2001, the year she joined the board of IPC. (See Dodd’s public financial disclosure reports with the Senate from 2001-2004 here.)

March 24, 2009 · Filed Under Chris Dodd

Comment

Chris Fraud, err Dodd admits to AIG bonus protection loophole he put into the original porkulus!

The truth comes out, slowly but surely. Senator Chris Dodd finally admitted to CNN that he was infact the one responsible for adding the bonus loophole into the stimulus package that permitted AIG and other companies that received bailout funds to pay bonuses. This is a complete 360 (to use a CNN term) from Tuesday, when Dodd flat out denied to CNN that he had anything to do with the loophole. But its not Dodd’s fault (according to Dodd). He now says The Treasury Department was responsible for inserting exemptions into the stimulus bill that allowed bailout recipients to receive bonuses.

March 18, 2009 · Filed Under AIG, Chris Dodd

1 Comment

Chris Dodd – who was the largest recipient of campaign donations during the 2008 election from AIG, now trying to undo the bonus protections HE put into the simulus bill!

More irony from the crooked democrats. Chris Dodd was the largest recipient of campaign donations during the 08 election. Can you guess who was #2? None other than Barack HUSSEIN Obama! John McCain who is more of a democrat than anything came in #3, and Billiary is #4 on the list.

From Fox Business News:

Senator Chris Dodd (D-Conn.) on Monday night floated the idea of taxing American International Group (AIG: 0.9199, 0.1398, 17.92%) bonus recipients so the government could recoup some or all of the $450 million the company is paying to employees in its financial products unit. Within hours, the idea spread to both houses of Congress, with lawmakers proposing an AIG bonus tax.

The move represents somewhat of an about-face for the Senator.

While the Senate was constructing the $787 billion stimulus last month, Dodd added an executive-compensation restriction to the bill. That amendment provides an “exception for contractually obligated bonuses agreed on before Feb. 11, 2009” — which exempts the very AIG bonuses Dodd and others are now seeking to tax.

The amendment made it into the final version of the bill, and is law.

Separately, Sen. Dodd was AIG’s largest single recipient of campaign donations during the 2008 election cycle with $103,100, according to opensecrets.org.

Dodd’s office did not immediately return a request for comment.

One of AIG Financial Products’ largest offices is based in Connecticut.

Dodd Amendment Rules

* Crack down on bonuses, retention awards and incentive compensation: Bonuses can only be paid in the form of long-term restricted stock, equal to no greater than 1/3 of total annual compensation, and will vest only when taxpayer funds are repaid. There is an exception for contractually obligated bonuses agreed on before Feb. 11, 2009.
* For institutions that received assistance totaling less than $25 million, the bonus restriction applies to the highest compensated employee; $25 million to $250 million, applies to the top five employees; $250 million to $500 million, applies to the senior executive officers and the next top 10 employees; and more than $500 million applies to the senior executive officers and the next top 20 employees (or such higher number as the Secretary determines is in the public interest).