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Sen. Dodd: What, Me A Friend Of The Banking Indusry?
The Business Insider ^ | 7/21/09

Posted on 07/21/2009 7:47:12 AM PDT by FromLori

After 30 years in Washington, the Senator from the financial industry discovers his populist side. Read »

The most vulnerable Democrat running for re-election in 2010, Sen. Christopher Dodd (D-CT), wants you to know: just because he took gobs of cash from the financial industry over the years doesn't mean he's a shill. In fact, he's a champion of the little guy and a champion of regulation.

At least, that's how his staff and image consultants want him to be perceived.

The Washington Post caught up with the embattled Senator to get a handle on Chris Dodd 2.0

Dodd denies shifting his philosophy on the financial industry in a bid to court voters. Over the years, he has championed consumer protection measures along with legislation that permitted banks to expand their geographic reach and business activities and, in the case of Wall Street investment banks, win federal protections. Dodd acknowledges that the near-meltdown of the financial system last fall proved that "firewalls" in the system he helped to erect "didn't work as well . . . as you'd like." After long fostering "creativity" in the banking industry, he said his goal now is to see that "the architecture is in place" to prevent a future collapse.

In an interview in his Senate office, Dodd likened the tension in his job to a statue outside the Federal Trade Commission building that depicts a man controlling a balky horse. "I want a muscular financial services sector," he said. "But I want a muscular restraint so that it doesn't run wild."

Interesting analogy with the horse. What he doesn't say is that the muscular, bulky horse just ran out of a barn door and Senator Dodd is now trying close it.

(Excerpt) Read more at businessinsider.com ...


TOPICS: Business/Economy; Government; News/Current Events; US: Connecticut
KEYWORDS: 111th; banking; chrisdodd; corruption; cultureofcorruption

1 posted on 07/21/2009 7:47:12 AM PDT by FromLori
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To: FromLori

What is he doing with K -Street Lobbyist on Martha’s Vineyard?


2 posted on 07/21/2009 7:53:53 AM PDT by scooby321
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To: FromLori

This criminal needs to fitted for a two piece garment of jailhouse orange.


3 posted on 07/21/2009 7:54:53 AM PDT by IbJensen (If Catholics voted based upon the teachings of the church, there would be no abortion and no Obomba.)
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To: scooby321

He’s just trying to pick up a little more spending money for Christmas.


4 posted on 07/21/2009 8:07:27 AM PDT by taxtruth
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To: FromLori

Dodd, you are so over.


5 posted on 07/21/2009 8:13:35 AM PDT by freekitty (Give me back my conservative vote; then find me a real conservative to vote for)
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To: FromLori

See also

http://thehill.com/leading-the-news/dodds-help-panel-role-helps-his-money-raising-2009-07-20.html


6 posted on 07/21/2009 8:36:16 AM PDT by FromLori (FromLori)
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To: IbJensen
This man needs to be the target of FR wrath along with Senator Harry Reid who allows this man to serve on the Banking Committee.

Both Dodd and Reid are up for reelection and can be beaten next year.

Begin to focus on these two less-than-public-servants.

7 posted on 07/21/2009 9:16:30 AM PDT by Dream Warrior (Paving the way for the Avenging Angel.)
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