A Washington fundraising party was held March 25 for embattled Sen. Christopher J. Dodd, chairman of the Banking, Housing and Urban Affairs Committee, who has become “poster boy” for the crash of the nation’s financial markets.
“Let’s help to re-elect this five-term incumbent senator from Connecticut,” says the invitation to the evening bash at 2651 Woodley Road NW, which seeks “host” contributions of $5,000, “PAC” gifts of $2,500, and “individual” donations of $1,000 — all made out to “Friends of Chris Dodd.”
Meanwhile, the Associated Press opined that “Democrats may want to start thinking about a bailout for Christopher Dodd,” who faces a tough re-election.
“After first denying it,” the wire service noted, “Dodd admitted he agreed to . . . dilute an executive-bonus restriction in the economic stimulus bill that Congress passed last month. The change allowed AIG to hand out the [$165 million] bonuses.”
Mr. Dodd is also under an ethics probe for mortgages he secured from Countrywide Financial Corp., the lending giant at the center of the mortgage crisis.