Wednesday, March 18, 2009

VIDEO: Chris Dodd Backtracks on AIG Amendment, Flip-Flops and Takes A Bullet For Geithner and Obama

Here's another freaking shock! No sh*t Chris! We all knew this! Thanks for fessing up, buddy! You freaking liar!

The funny part here is that Dodd claims the White House and Treasury Department forced him into this.

It's amazing that Dodd is taking a bullet for Tim Geithner who will probably be out of a job soon.

Libs fighting libs! This is great! It's all coming undone day by day!

Light the fire, open the marshmallows and watch Hopenchange burn!

The Communist News Network reports:

(CNN) -- Senate Banking committee Chairman Christopher Dodd told CNN Wednesday that he was responsible for language added to the federal stimulus bill to make sure that already-existing contracts for bonuses at companies receiving federal bailout money were honored.

Sen. Chris Dodd, D-Connecticut, appears on CNN's "The Situation Room" on Wednesday.

Dodd acknowledged his role in the change after a Treasury Department official told CNN the administration pushed for the language.

Both Dodd and the official, who asked not to be named, said it was because administration officials were afraid the government would face numerous lawsuits without the new language.

Dodd, a Democrat, told CNN's Dana Bash and Wolf Blitzer that Obama administration officials pushed for the language to an amendment designed to limit bonuses and "golden parachutes" at those companies.

"The administration had expressed reservations," Dodd said. "They asked for modifications. The alternative was losing the amendment entirely."

On Tuesday, Dodd denied to CNN that he had anything to do with adding the language, which has been used by officials at bailed-out insurance giant AIG to justify paying millions of dollars in bonuses to executives after receiving federal money.

He said Wednesday that the "grandfather clause" language "seemed like innocent modifications" at the time. "I agreed reluctantly," Dodd said. "I was changing the amendment because others were insistent."

Dodd said he did not speak to high-ranking administration officials and the change came after his staff spoke with staffers from Treasury.

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