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WASHINGTON TIMES: AIG chiefs pressed to donate to Dodd – UPDATE: AIG extorted employees to donate to Dodd!

Posted by iusbvision on March 30, 2009

We told you about the corruption and the the pay to play. Dodd was the #1 reviever of campaign money from these people and Obama is #2. We are being ripped off.

The Times:

As Democrats prepared to take control of Congress after the 2006 elections, a top boss at the insurance giant American International Group Inc. told colleagues that Sen. Christopher J. Dodd was seeking re-election donations and he implored company executives and their spouses to give.

Getty Images Sen. Christopher J. Dodd, chairman of the Senate Banking, Housing and Urban Affairs Committee, has lost some political standing heading into re-election because of his ties to American International Group Inc.

The message in the Nov. 17, 2006, e-mail from Joseph Cassano, AIG Financial Products chief executive, was unmistakable: Mr. Dodd was “next in line” to be chairman of the Senate Banking, Housing and Urban Affairs Committee, which oversees the insurance industry, and he would “have the opportunity to set the committee’s agenda on issues critical to the financial services industry.

“Given his seniority in the Senate, he will also play a key role in the Democratic Majority’s leadership,” Mr. Cassano wrote in the message, obtained by The Washington Times.

Mr. Dodd’s campaign quickly hit pay dirt, collecting more than $160,000 from employees and their spouses at the AIG Financial Products division (AIG-FP) in Wilton, Conn., in the days before he took over as the committee chairman in January 2007. Months later, the senator transferred the donations to jump-start his 2008 presidential bid, which later failed.

Now, two years later, Mr. Dodd has emerged as a central figure in the government’s decision to let executives at the now-failing AIG collect more than $218 million in bonuses, according to the Connecticut attorney general – even as the company was receiving billions of dollars in assistance from the Troubled Asset Relief Program (TARP). He acknowledged that he slipped a provision into legislation in February that authorized the bonuses, but said the Treasury Department asked him to do it.

UPDATE – Ainsley Aerhart goes over the numerous Chris Dodd scandals –

Fox & Friends on how AIG extorted it’s employees to give $160,000 to Sen. Dodd

One Response to “WASHINGTON TIMES: AIG chiefs pressed to donate to Dodd – UPDATE: AIG extorted employees to donate to Dodd!”

  1. […] WASHINGTON TIMES: AIG extorted employees to donate to Dodd! (Hat tip: IUSB Vision) […]

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