Sen. Chris Dodd Farts in Room; Demands to Know Who Dealt It

Something stinks in the Legislature… and it ain’t the chili.  Chris Dodd’s senate investigation on the failure of the economy has the same cynical reek as did OJ Simpson’s vow to find Nicole’s killer.

As the Wall Street Journal noted yesterday:

At today’s hearing, his mission is to weave a tale that somehow manages to avoid mentioning his own role in this debacle. That won’t be easy, but Mr. Dodd has shrewdly selected a series of witnesses who, like him, contributed to the mess, and have every incentive to point fingers elsewhere.

Of course, WSJ is one of the only old media outlets to officially notice this.  Dodd, of course, has been talking up the idea that the market meltdown was a direct result of deregulation.  He blames regulators who, he says, “willfully ignored the abuses taking place on their beat.” He fails to mention that in 2005, while Republicans were warning about the dangers posed by Fannie Mae and Freddie Mac, Dodd himself was declaring the mortgage market to be “one of the great success stories of all time.”  Dodd conveniently forgets, in his crusdade for the truth, his sweetheart loans from Countrywide, or his $165,000 in campaign contributions from Fannie and Freddie — not to mention Barack’s $126,000.

It seems some idiot put the fox in charge of the henhouse, and now the fox is looking around for somebody to blame for eating the chickens.


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