Nice of Dodd to join the party — the Bush Adminstration has had a FHA modernization bill for 5 years and it has gone nowhere. Dodd is too busy running for President to actually pay attention to what is going on in the industries his committee is supposed to be overseeing. Now that there is a crisis and he can get some headlines he is blaming eveything on the Administration.
Dodd is also a Senator from Connecticut...home to many hedge funds and even more hedge fund managers and bankers...many heavily invested in mortgage-backed investments