The Washington Times Weekly - - Politics -

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.

Newspapers in English

Newspapers from USA

© PressReader. All rights reserved.