I’ve been pretty sick with the flu (guess that flu shot wasn’t all it’s cracked up to be) since Wednesday, but I am trying to keep on top of things. Who would have known when I started this blog the day after the election that Dodd would provide so much material?
Anyway, a few items that caught my interest in the few minutes I was conscious over the past two days:
- Schiff’s money-bomb is off and running today. As of 2:55 EST, they stand at $9,348, rapidly approaching their goal of $10k. The Courant has an article about Schiff today, and he answers a question some have asked, namely whether Schiff would run as a Republican, Libertarian or Independent.
If he were to run for Senate, Schiff said he would run as a Republican. “If I wanted to and put int the effort, I could probably get the Republican nomination, but I don’t know if I want to,” he said.
But what would be the point? “I don’t need the power, the fame … or the money,” Schiff said. “I don’t need those things. If I really thought I could make a difference, might I be willing to change careers? I might … but there needs to be a bigger movement, there needs to be more candidates.”
Seems a little presumptuous to just assume he would win the Republican nomination, especially if Simmons is in. We’ll see.
- The Wall Street Journal takes a few shots at AG Blumenthal for his slobbering support of Dodd and statement that Dodd has done nothing wrong. As the piece points out:
It’s interesting that the state’s top lawyer can pronounce that there’s no evidence of wrongdoing by Mr. Dodd, especially since Mr. Blumenthal told us this week that he has never investigated Dodd’s Countrywide deals.
[snip]
Mr. Blumenthal’s decision to stay out of the way of federal law enforcers contrasts with his approach when Republican Governor John Rowland and others were successfully prosecuted on federal corruption charges. In that case, Mr. Blumenthal was so zealous that in 2004 a state court judge temporarily blocked his civil suit after federal prosecutors claimed he was making it more difficult to prosecute the federal case.
It’s not exactly comparing apples to apples, but the contrast is striking. Of course, Blumenthal had nothing to gain from backing Rowland, while he would need Dodd’s support in 2012 were he to challenge Lieberman for his seat. The Everyday Republican’s take can be found here.
- Chris Dodd has gotten to someone at the Kansas City Tribune (where’s this level of outrage in the CT media?) with his accepting huge campaign contributions from the banking industry and then giving them a 258,000% return on their donations. A taste:
In my weeks of research into understanding how America went from economic lynchpin to a wayward ship drifting on a sea of economic trouble, I find myself baffled and appalled by statements from Sen. Christopher Dodd (D-CT), Chairman of the Senate Banking, Housing and Urban Affairs Committee.
His anger seems real enough. But the stench of hypocrisy reeks up the room every time he forgets to mention the hundreds of thousands of dollars he received in 2008 as campaign donations from these same banks, their management and employees – currently not under receivership of the U.S. taxpayer.
Read the whole thing.
- Finally, I never posted on Time’s list of the 25 people to blame for the financial crisis (and I won’t link to it, since it is a joke for not including Dodd and Frank; find it yourself). But Jack Dunphy, a frequent guest-contributer at Patterico’s Pontifications, has. Read that post, and while you are there, bookmark the site. Good stuff on a regular basis.
Cross-posted at The Artful Doddger.
Steve Maley
KnightsofMalta
Is Dodd now in alliance with bank stock short-sellers?
civil truth (Diary) Saturday, February 21st at 3:29PM EST (link)This is pure speculation on my part, but Dodd’s words yesterday triggered a sell-off of bank stocks until the administration spoke up before the bottom fell-out.
Surely Dodd knew how irresponsible his comments were; the question is why he chimed in: is he simply trying to deflect his responsibility in creating our banking crisis, or was he deliberately trying to manipulate the markets? And if the latter, what will be the quic pro quod?
For that matter did anyone ever investigate Schumer and the IndyMac failure to find out if he was short-selling IndyMac or had buddies who were short-selling? Other than the Biden exception, any experienced legislator should be assumed to have financial interest behind his public pronouncements.
The greatest evil…is conceived and ordered (moved, seconded, carried, and minuted) in clean, carpeted, warmed, and well-lighted offices, by quiet men with white collars and cut fingernails and smooth-shaven cheeks who do not need to raise their voice. Hence, naturally enough, my symbol for Hell is something like the bureaucracy of a police state or the offices of a thoroughly nasty business concern. -C.S. Lewis
http://www.gmsplace.com/
too bloody right mate
djemi (Diary) Saturday, February 21st at 4:02PM EST (link)Schumer and the IndyMac failure has been bothering me for a while now, the fact that what he said sent poeple running to the bank, and thus the need to step in seems to be tottally forgotten in the whole blame game.
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