Chris Dodd’s Sanctimony Show
Well, if John McCain won’t take a 2×4 to the Democrats over the mortgage mess, the Wall Street Journal will:
The late Senator Russell Long used to say that the core truth of tax policy was “Don’t tax you, don’t tax me, tax the fellow behind the tree.” Substitute political blame for the financial meltdown for taxes, and you will understand what Senator Chris Dodd is attempting today with his Banking Committee hearing on the causes of the panic.
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.
You should see the roster of ringers he had on today’s lineup. It’s a real bunch of crooks and apologists for the Dodd/Frank/Obama heist that’s been perpetrated on us taxpayers.
Oh, and though the author doesn’t mention it, do pay attention to the name Marc Morial. Morial is the former Mayor of New Orleans tied very closely to some election hanky-panky and more than a little bit of fraud. He has a long background as a “community organizer” – exactly the folks who used the Community Reinvestment Act as grounds to threaten banks with long, expensive lawsuits if they didn’t pour money into their coffers and make bad loans to people who could not otherwise afford them.
Talk about rigging the witness list.
Other Posts of Interest:
- I Think Chris Dodd has Some ‘Splaining To Do
- Make Dodd Testify
- Hey Dems! How About Some Congressional Hearings on this Financial Mess?
Category: Our New Democratic Overlords, The Economy and Your Money
If some of you conservatives out there want to really throw the ball of stinky truth to the so called Democrats and especially Sen.Dodd. Then do not hesitate to view this link.
http://dtmf.wordpress.com/2008/10/02/the-dodds/
After that post those images any and everywhere you can.
Nothing like having Nazi law in the united states since 1968. This should give a bigger picture now.