Chairman of the Senate Banking Committee (ah this committee is KEY when it comes to the current crisis) Senator Chris Dodd received $165,000 from Fannie Mae… (let that sink in) and he was consistently against added financial regulation of the mortgage lending industry.
I posted the other day about wealth and its potential interference in political behavior. It seems that post was more relevant than I could have foreseen.
From the Bloomberg Report: But we now know that many of the senators who protected Fannie and Freddie, including … [and] Christopher Dodd, have received mind-boggling levels of financial support from them over the years.
If this is true, where and the heck is the media? I don’t want my tax money going to these people, let ‘em sink.
