Chris Dodd: Face The Music

How much you want to bet that most if not all of AIG's board of directors and senior execs are Chris Dodd's Connecticut constituents? Tony New Canaan? Darien? Greenwich? Fairfield County?

The AIG $165 mil bonuses cannot be legally challenged, thanks to Dodd who inserted language in the stimulus package to protect "contractually obligated bonuses agreed on before February 11, 2009."

Why are we just finding this out? All 535 members of Congress and the Barack Obama WH are complicit in attempting to pull the wool over the American public's jaded eyes. Didn't they read the stimulus bill before it was rammed through in record speed? What did Dem leaders know and when did they know it? Right out of the chute. Just another valid reason why Repubs didn't vote for it.

Now the fingered corrupt Dodd wants to crack down on AIG. Too late. And so illegal under the Constitution. You're so busted...

The only thing I know about Dodd, other than he's a corrupt, craven hypocrite, is a long-ago anecdote I picked up from one of my friends in the "intelligence community." He told me he'd heard an audio tape of Dodd in his Capitol Hill office getting a blow job from some babe.

An unrepentant Iowa Senator Chuck "Commit Suicide" Grassley today: AIG is "sucking the tit of the taxpayer."

Fox Business: Senator Chris Dodd (D-Conn.) on Monday night floated the idea of taxing American International Group (AIG) 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.

[He's lying.] A spokesperson for Senator Dodd said the senator "was completely unaware of these AIG bonuses until he learned of them in the past few days; to suggest that the bonuses affecting AIG had any effect on Senator Dodd's action is categorically false."

One of AIG Financial Products’ largest offices is based in Connecticut. Eleven getting $1 mil bonuses aren't even with the company anymore.

CB: AIG is one of Dodd's top five campaign contributors. Dodd was the beneficiary of more than $243,000 from AIG between 2003-2008. #1 on the list? Citigroup. 2006 contributions reads like a Who's Who of Wall Street.

AIG Code of Business Conduct and Ethics (“Code”) embodies the commitment of American International Group, Inc. and its subsidiaries (collectively, “AIG”) to conduct its business with the highest ethical standards and in accordance with all applicable laws, rules and regulations of the countries in which AIG engages in business... II. Honest and Candid Conduct: Each director, executive officer, and senior financial officer owes a duty to AIG to act with integrity. Integrity requires, among other things, being honest and candid. IV. Corporate Opportunities Each director, executive officer, and senior financial officer owes a duty to AIG to advance AIG’s legitimate business interests when the opportunity to do so arises.

Do you see a conflict here?

The House and Senate Ethics Committees are deliberately impotent. More like Pathetics Committees...