Senator Chris Dodd (D-FNMA) is convening a hearing of the Senate Banking Committee today, on the genesis of the current economic crisis. The odd thing about the hearing, as the Wall Street Journal points out, is that Dodd is only allowing testimony from witnesses who agree with his narrative — which helpfully ignores his role in the crash:
In February 2004, while Republican colleagues warned of the systemic risks posed by Fannie Mae and Freddie Mac, Mr. Dodd pronounced the mortgage market “one of the great success stories of all time.” A year later, the Connecticut Democrat voted against a reform that would have limited the size of Fan and Fred’s mortgage portfolios. Now that Fan and Fred have collapsed at a cost to taxpayers that could run to $200 billion or more, Mr. Dodd is also under fire for accepting sweetheart loans from Countrywide Financial, the subprime mortgage factory.
At today’s hearing, his mission is to weave a tale that somehow manages to avoid mentioning his own role in this debacle. That won’t be easy, but Mr. Dodd has shrewdly selected a series of witnesses who, like him, contributed to the mess, and have every incentive to point fingers elsewhere.
And wouldn’t you know it: just as he convenes a show trial to get people to look elsewhere in doling out blame, he announced that he won’t release any information about his cozy relationship with Countrywide Financial. Or that he will — just not at any time when people are still interested in it.
It’s not too late for John McCain to promise to appoint a special prosecutor to show exactly who was responsible for a mess that will cost taxpayers hundreds of billions of dollars. Allowing Chris Dodd and Congressional Democrats to run the investigation is like leaving the fox to guard the henhouse.
Daniel Horowitz
Neil Stevens
Moe Lane
Steve Maley
Jake Walker
Drudge
janmar Thursday, October 16th at 3:51PM EST (link)Sorry this has nothing to do with this article but… you and you know who you are must see drudge’s latest headline.
http://www.drudgereport.com/
Dodd Watch
heath (Diary) Thursday, October 16th at 3:53PM EST (link)It is Dodd Watch, Day 126, and we are still waiting for Senator Dodd to show us the documents surrounding his VIP mortgages.
If there was an “R” next to Dodd’s name, the media would have already called for his head. Since it’s a Democrat, it’s no big deal.
I have always thought the actions of men the best interpreters of their thoughts. -John Locke
Dems releasing documents? Hell, it's day 1,428 (or something like that)
mbecker908 (Diary) Thursday, October 16th at 3:57PM EST (link)of waiting for John Kerry to release his military records.
Dog and Pony show
Maggie_in_Indiana (Diary) Thursday, October 16th at 4:15PM EST (link)This way the liberals who are at fault and retain their offices can say it was investigated and it’s over. Who’s going to argue when the House and Senate are stacked.
This is our chance to expose them and possibly gain some seats.
Maggie in Indiana
and his divorce records
Dan McLaughlin (Diary) Thursday, October 16th at 4:16PM EST (link)nt
“No compromise with the main purpose, no peace till victory, no pact with unrepentant wrong.” – Winston Churchill
Too bad McCain is too "Bipartisan" to get with the program.
Martin Knight (Diary) Thursday, October 16th at 4:26PM EST (link)[n/t]
Barring A Miracle
Davo (Diary) Thursday, October 16th at 4:45PM EST (link)The entire matter will disappear in a cloud of “Bush’s fault” assertions right after the election. This will do nothing to address the fundamentals of the financial mess that has only just begun to unfold. Waiting in the wings are Social Security, student loans, Medicare, etc., etc., etc. The payment for the entire liberal agenda for the past 80 years is coming due. If we as a nation can’t asign blame to the real culprits, Dodd, Frank, Schumer, Rains, et. al. in such an intuitively obvious situation like the mortgage market bust, what in the world are we going to do when everything else collapses?
Never Give In, Never, Never, Never
Mister Dodd
popdaddy Thursday, October 16th at 4:55PM EST (link)Will the minority members of the committiee be allowed to speak?
Will Mister Schumer be permitted to explain just why he wanted to cause a run on Indy Mac?
Remember the other crooks
hunter (Diary) Thursday, October 16th at 5:02PM EST (link)Charlie Rangel, Chmn. of the Ways and Means committee is investigating himself, with his won forensic accountant (ahem) to expallin (away) his tax fraud concerning his investment property for the last ~20 years.
…..And where is that investigation of Sen. Feinstein and her sterring defense contracts to her family defense contracting business?
And Harry Reid’s tax dodging land deals
And of course cool cash Jefferson
And…..
hunter
I watched bits and pieces
marfan Thursday, October 16th at 6:58PM EST (link)but did not see any minority members there. Maybe they were there when I dozed off.
hopefully they are off trying to have a real/honest inquiry somewhere
JLenardDetroit (Diary) Thursday, October 16th at 7:45PM EST (link)Even if they have to conduct it at a local park with rented equipment, tables, chairs, etc… they need to hold their own hearings and the first to be allowed to speak need to be those that can speak to Dodd’s Countrywide deal, a run-down of the Campaign contributions received from the Mac’s (Dodd, Obama, Kerry, Frank, etc…), and then into the CRA and how it lead us to here. Won’t get much coverage, but at least FOX will be willing to show some soundbites of the Truth that is uncovered. Maybe someone can create a Documentary for release to DVD about it – Michael Mahoney perhaps (lol, be sure to visit Moovealong Org)
Regards from NoMoTown (the MOTORlessCITY)
“Liberals, looking to do for? America what they’ve done for? Detroit! which is DESTROY IT!”
“I think, therefore I am Conservative”
“Conservative by choice, Republican by necessity”
“You can lead a Liberal to the Truth/Facts, but you cannot make them THINK!”
“Romney [No, not my first choice] does NOT have a MORMON problem. He has a, far too many Americans; these days; are MORONS problem!”
Follow @JLenardDetroit
(RS:Help) (JLD) (Hollyweird) (Brain-deads) (SPIN-cycle) (Obamaocare) (Party of kNOw) (Conservatism) (TEApeats) (respectful) (message) (Warning: Children Will Die!!)
Heil “O” Hell No Obamao is NOT MY PRESIDENT! “No U won’t”
I want “O” to FAIL (here, here, & whole Diary (Ofail) here, is why)
“The first Liberal was Satan” – a Rush caller (other Quotes)
Time to see Chris Dodd.............
DavidS1787 (Diary) Thursday, October 16th at 11:20PM EST (link)behind bars for his sweetheart loan deal with Countrywide!