Dodd is on the take. He's taken more money under the table than just about anyone one the Hill.

Put-up or shut-up you anonymous scum bag. Everyone on the hill debates sincerely. Terence David Carroll ( vote TERRY D.C. )

Obama is right up there with this clown in being on the take (follow the money)....... NoBama 08!

I have a suggestion for the Feds. Lets bail out the many homeowners that are struggling to pay their bills and let the ones that have already foreclosed stand. Let the banks take the hit and salvage the rest.

Yes it could have been avoided if they had acted on John McCain's proposed fix back in 2005

Dodd has taken more money from Fannie and Freddie than any other senator in congress. Guess who is a close second to Dodd, you guessed it OBAMA. This is all absoutly disgusting.

Nitya Venkataraman (manachatchi yoda vaalu)

why don't you write about

Obama took $185,000 in 3 years
Todd took $198,000 in 7 years

from Fannie/freddie

you joined the Liberal tank of MSNBC/NBC/CNN/CBS and all Liberal media

Shame on you

If you support Obama than you support Dodd. Great choice you have made.

Nitya Venkataraman

why don't you write about

Obama took $185,000 in 3 years
Todd took $198,000 in 7 years

from Fannie/freddie

you joined the Liberal tank of MSNBC/NBC/CNN/CBS and all Liberal media

Shame on you

A lot of things are avoidable, especially in Washington, if....if our politicians where truly there to represent us, instead of themselves, lining their pockets, going along strict party lines. Unfortunately they are there for their own glory and not for the glory of our country or her people...and that is very very sad.

As a taxpayer I am mad as hell this morning!

Why the hell should I bailout a bunch of big s---ts who couldnt run a bank or insurance company?!?!?!?!?!??!

Hell, I will strike a good bargain - pay me just a $1 Million a year to go run a bank into the ground instead of the 10-100 Million some of these fat cats are/were getting paid!

Anyone DUMB enough to vote Republican this fall needs a brain scan!

Dodd is a joke! If McCain's suggestion had been taken in 2005 this would all have been avoided!!! Vote McCain/Palin Please, please if you want a sane government!!!!

Adam, if that was McCain and another Republican senator on the take this would be headline news in bold print.

Next should be an investigation into what regulators looked the other way and why. The media should bring the pressure for this.

It's not right that people that wanted to live beyond their means are getting a bail out. It's not to hard to figure out what you bring in to what you can pay out. I feel sorry for none of them. Predators? Call the mortgage companies what you will but call the buyers what they are...IDIOTS!!!

Mark, read my previous comments. Dodd and Obama are on the take with fannie and freddie, more than any other senator. You are blaming the wrong people, wake up.

Personally, I’ve just one request for all of you in the media. Explain just exactly why it is that we as the average citizen should accept one single word of the cadre of experts that you parade across the screen. Since they are exactly the individuals that created this economic mess in the first place. And just to be clear, that includes the members of Congress (i.e. both the Senate & House of Representatives), Secretary of the Treasury, Chairman of the Federal Reserve, Securities and Exchange Commission Chairman, Economists, & the supposed financial wizards of Wall Street.

Hey...that's great. Just wanted I needed to see to start my day off...
Dodd's picture with his scumbag friend.

Mark

When McCain brought a bill to reform Fannie/Freddie & wall street in 2006 Democrats blocked it.

When Bush tried to reform Finincial Institutions in 2003 Demacrats blocked.

Obama took $185,000 in 3 years
Todd took $198,000 in 7 years
Clinton took $135,000 in 6 years

What planet are you in

No tough questions and follow ups to Dodd from ABC? Like "Doesn't it take hubris to sit there and blameothers when you Senator Dodd Chair the Banking Committee, obtained a sweatheart mortgage and is the lagest recipient of political donations?

Obama took $185,000 in 3 years
Todd took $198,000 in 7 years

from Fannie/freddie

you joined the Liberal tank of MSNBC/NBC/CNN/CBS and all Liberal media

Shame on you

Posted by: adam -----------------You forgot to mention what McCain took.

News for ABC and the rest of MSM, we are going to get the facts out weather you like it or not. Dodd=$198,000 and Obama=$185,000 from fannie and freddie lobbiest. Why dount you report the facts ABC, they got more more money then any other senators and blocked additional regulations the Bush administration tried to install two years ago.

If these people lived in china these polititions would be put to death. Some of these people need to go to jail. I cant believe they are making our laws. This is just as bad as texting while driving a train.

is Dodd going to appear on the View next and fist bump Whoopi and Joy Behar?

How about asking real questions of Obama supporter Dodd?

Here is a thought. I dont intend to pay for stupid management and a public funds bailout for these companies. Here is a thought. Get a list of all of the names of all the officers and managers of those companies that we the taxpayers are bailing and sue everyone of them for the max amount that you are able in small claims court. I would just love to see the lawyers faces when they have 200,000 cases to settle. Sue them all from the CEO to the mail room manager. Sammanz

I wonder why the Dems are not calling for a congressional investigation into the mortage crisis???? They would be investigating themselves is why.

Again the Democrat takes a truckload from Fannie Mae and Freddie Mac, THEN whines. My retirement funds are dropping because Democrats pushed banks to loan money to people who had no income to qualify for the mortgage. YES, I'M MAD. I live within my means and I get punished. Dodd and friends live beyond their means - and I have to pay. This is NOT going to end well.

CW

Let me answer you

Obama took $185,000 in 3 years
Todd took $198,000 in 7 years
Clinton took $135,000 in 6 years
McCain took $20,000 in 20 years.

Liberals never get it

Dont you find it odd that the dems are trying to all of the sudden be bi-partison??? It would be to their advantage for the economy to be in the tank right before the election. The facts are that the finger points to them and they want this shoved under the rug as quick as possible.

The best thing you can do is allow these bankers to fall flat on their faces.... that is the only way they will be taught a lesson. The unfortunate downside is that its going to bring down the entire economy. All these bailout proposals I hear basically are the same, transfer the cost of the failures to the american taxpayers. The question I pose to readers is: If these banks became so large that they were considered "Too Big To Fail", then why is the solution creating even BIGGER banks (i.e. merger of JPM & Bear Stearns, merger of Bank of America and Meryll Lynch)? My second question, why should we bear the cost of their failures?

You got to be kidding me. Chris Dodd states this could have been avoidable, where were the bank regulators. Where was Chris Dodd. I cannot believe he was unaware that people were buying houses for $400,000.00 and made $60,000.00 a year. Even I knew there would be problems at some point and I am just a middle class working women.

Let's see you bother the money from "us" the US Taxpayer to give to the banks who participated in the corruption and helped rake everyone over...now those same banks get to keep the assets that we are paying for? I say GIVE every man and woman who got foreclosed on a FREE house...in America....Let's take the bailout right to the lowest level first....OH...that's right....you can't!

CW

are you there?
are you there?
are you there?

John McCain new what was happening, it's the same as the S&L scandal and the Keating 5, in which he was involved in.

Get REAL! There is NO Mr. Smith in Washington. They are ALL on the take in some form or the other. Goverment has been stealing from Social Security! They just figured they'd take from it before all the con's, druggies, and people who never worked get a hold of it. Like this financial crisis there were No Babysitters. They've all taken money or "gifts". From buying $500 screwdrivers to actual putting their greedy little hands in the pot. So it really doesn't matter who you vote for; the rich, big industies, and lobbist have it already figured out.

Liberals

do you know that

Obama & Todd got a loan .5% less than the current market rate 3 years ago?

Nitya Venkataraman - why don't you write about it

Oh really.....it was avoidable???? Of course it was avoidable...ya'll avoided EVERY single sign it was going on...encouraged it when you found it out...ignored it while the groundswell grew and now that the tsunami and mother of all financial storms sweeps across our country and the world...here ya come....a dollar short and 7 years too late... RIDICULOUS... DESTRUCTIVE....IRRESPONSIBLE....Ya'll do NOT have a plan...you have your finger covered with a $ bill stuck in the hole in the levy....FOR SHAME!!!

deb, read our previous post and look it up before you embarrase yourself again.

deb

all you can do on Mccain is 30 years old story - which was proven he was not guilty.

Which media investigated Obama's house purchase with Rezko - None

Liberals are blind

The media is only as liberal as the giant corporations that own it.

natauna, it does matter who you vote for. Obama is on the take big time with freddie and fannie. Now you would vote for him knowing where his money came from.

Apparently there's a lot of hardcore Republicans blogging this morning. You guys can't blame Bill CLinton for this big mess. The Republican mantra for years has been Deregulation, Deregulation, Deregulation!!! Combined with George Bush's hands off policy when it comes to oversight this is what happens! And Mr. Deregulation himself, John McCain has now suddenly morphed into Mr. Regulator. What a joke!
Obviously when Ronald Reagan died the GOP buried his "The Buck Stops Here" sign in the grave with him!

Yes it could have been avoided if they had acted on John McCain's proposed fix back in 2005

Posted by: disillusioned2008
******************************************** If wasn't capable of getting anything accomplished with a Republican controlled Senate and Congress, as well as Republican Administration. How do you think he would do now?

Obama is on the take big time with freddie and fannie. Now you would vote for him knowing where his money came from.

Posted by: billy bob | Sep 19, 2008 9:09
******************************************* John McCain's 3rd highest financial support came form Fannie and Freddie. Most of his campaign staff and advisors were lobbiests for Fannie and Freddie.
Do your homework.

"Obama took $185,000 in 3 years
Todd took $198,000 in 7 years
from Fannie/freddie"

Please give me the names of the employees who made those donations; I'm going to write them very stern letters.

"Barack Obama simply does not understand American capitalism. John McCain does."

Har, har. Yeah, you mean the same John McCain who has never held a single private sector job IN HIS LIFE, who was born into elite affluence and then remarried to become the Kept Man of a multimillionaire heiress--yup, he understands American capitalism, I guess. All the wrong parts of it.

Every politition on that committee needs to go to jail democrat and republican, at the very least they need to removed from office. I am outraged. Polititions need to be accountable - like doctors and lawyers and pilots and everyone else.

John McCain rails against the "fat cats" of Wall Street, but they're also his major contributors! Merrill Lynch is McCain's largest donor! And when McCain now says he's going after the "good old boys" on Wall Street he seems to have suddenly developed amnesia. You want to know who those "good old boys" really are? Just attend one of John McCain's campaign advisors meetings! Phil Gramm, co-sponsor of the Banking Reform Act of 1999 opened the floodgates to predatory lending and restricted government oversight! And he's on the McCain team!
John McCain is part of the problem, not the solution.

At least 20 McCain fundraisers have lobbied on behalf of Fannie Mae and Freddie Mac, netting at least $12.3 million in fees over the past nine years.

And for years, Rick Davis (Mccains campaign manager) served as president of an advocacy group led by Fannie Mae and Freddie Mac that DEFENDED the two companies AGAINST INCREASED REGULATION.

Hey, A.Lincoln: That was Trumans sign. There goes your credibillity!!

The real question everyone should be asking is; after this huge bailout that the American taxpayer is footing the bill for (again), will the same licentious bank executives be kept in place continuing to make the same poor decisions? Pretty much like the automobile industry. The government will eventually bail them out also, while retaining the same CEOs (Rick Wagoner and Alan Mulally) who were pretty much responsible for the current debacle?

January 20, 2009 President Barack Hussein Obama takes the oath of office.
John McCain returns to the Senate or retires to work for Merrill Lynch.
Sarah Palin returns to Alaska to serve six months in jail for abuse of executive power.
Joe Biden serves President Obama and returns home to Delaware each evening to be with his wife and kids.
All will be well. All will be well.

As Amy Winehouse would say "What kind of F***ery is this??!!" There are complete criminals running our government in total collusion with the Wall St. crooks all the while lining their pockets and sending the bills to the taxpayers. Wake up America! Do you really think any of these people that the Democrats or Republicans are parading out to run for president are really going to do anything about this? I agree it's time for a change, but none of the candidates being offered by the major parties will bring it.

Hey bombem.....Ronald Reagan had placed Truman's sign on his desk as well. Do your homework!

Obama and the DNC have worked to bring the people and the country to their knees in hope of gaining Ultimate power over the Country.

They have planned this election season for years. Said they would win at all cost.Screwing the country and the people and blaming a lame duck president, has been part of thier major plan.

That is why they did nothing and were not concerned up until now.

Ever wonder why Obama's major concern with money has only been with getting more to Campaign with. Not the condidtion of the people or the country.

How can so many millions and millions of people be so dumb to vote for him and the DNC & Chicago Machines. They now have you and the country where they want and need you. At their mercy.

A vote for Obama is a vote for Socialism, No Taxes, Free Health care and eductaion.

Yes He will Change the government, not in a way that is good for you or America.

They know a lame duck president is at their mercy and can do nothing.

They know Obama wants reparations Paid

They know Soro's want s new Democracy

They know the DNC & Chicago Machine wants power.

They know the American People are to desperation, gulible and talked into Obama being the one to save them.

They know they have the best scapegoat and one to blame is a lame duck presidency.

Yes they can and are doing what it takes to get what they want.

I see all the economically ignorant partisan idiots are flourishing on the blogs again... What a surprise.

Its the democrats fault, no its the republicans fault, Obama will fix it, no McCain will fix it... Wake up morons and go educate yourselves.

Good luck.

A.Lincoln you are a fricking idiot if you think obama is going to be any different than all the politions on this committee. He is a little boy who will hide under the bed everytime a problem occurs. I would rather have Putin as president than ObamA. This is a problem with the entire SYSTEM not republican or democrat.

kt....Why is it you Republicans can't have a civil discussion, instead you go for the insult. I guess when you really don't know the issues and can't intelligently debate them, calling a stranger an idiot seems to be the logical choice. It's not my friend.
Obama 2009

1) The Obama Presidential campaign is the first in living memory where average Americans own the biggest share: more than 50% of donations to Obama have been $25 or less, 80% have been $100 or less, and 93% have been $200 or less.

2) Obama and the DNC accept no federal lobbyist or PAC donations; McCain and the RNC do.

3) McCain has 133 lobbyists working for his campaign; his top staff is mostly DC lobbyists.

4) McCain got 10x more Top CEO donations than Obama in return for corporate tax breaks.

5) McCain's flip in favor of drilling was rewarded immediately with big donations from oil execs.

No help for banks. People are dumb enough to vote republican so let them lose everything, retirement, pensions, jobs, everything. Then maybe, we can get pass skin color and vote for change. Every election cycle we put the writing on the wall and people never listen. NO BAIL OUT with my tax money. NO NO NO. We all go down together and then rebuild together.

Hey smart,

Obama = more taxes just listen to biden

A.Lincoln First you have no idea what politacal affiliation I am. second , you are the one that are trying to gain politacal points out of the most serious problem to the United States in since world war II. And by the way I am not a republican. Obama is cry baby and cannot even handle Clinton how is he going to handle Pelosi or Putin or Iran or Gingrich. All I am saying is that everyone on that oversite committe republican and democrat should be removed from office for not doing there job.

why if we pay more taxes is it more patriotic

Vote the bums out! They stole from your pocket, and their benefits are guaranteed just like their banker buddies. They don't represent you, DUMP 'em!

Kt: Forget A. Lincoln he plays with him self to much, like the Dem congress has been playing wih us for the last two years. A. Lincoln leave it alone for a minute and explain how Omuslim aquired $4,000,000 dollars being a community organizer in that short period of time, huh!! I've been working hard for 50 years and I only have half that?

You wanna know why you've gotta pay more taxes? Like the expresson goes: "socialize losses, privatize profits." So I guess you could say it's the result of "social programs"--but not the liberal type you like to blame. When the government socializes losses like the ones we've seen in recent decades, the CEOs of the collapsing companies make sure they get out with benefits intact, no matter how much damage they've caused to the rest of us. Yeah, they're living the "unregulated laissez faire capitalist dream," subsidized by the taxes we then have to "donate" to pay off the national debt created by THEIR actions. So yeah, laissez faire market capitalisim works VERY well if you're part of that miniscule percentile at the very tip of the pyramid. So don't complain about taxes until you're willing to bite the regulation bullet.
As "mad money" Jim Cramer said a couple of days ago, "We're all communists now."

To all that just want to blame Congress - There is plenty of blame to go around and the Repulicians are part of it. They are the ones that wanted and passed deregulation. That is there MANTRA. It took a few years to do its damage but now it is here. Perhaps Congress should of tried to reverse this cycle but Bush would of just vetoed it anyway. In addition, the majority in Congress for Dems is so slim (i.e. they need Lieberman) it is doubtful anything would of gotten done.

No help for banks. People are dumb enough to vote republican so let them lose everything, retirement, pensions, jobs, everything. Then maybe, we can get pass skin color and vote for change. Every election cycle we put the writing on the wall and people never listen. NO BAIL OUT with my tax money. NO NO NO. We all go down together and then rebuild together.

first of all lieberman votes liberal for everything except the war. The problem comes back to Fannie Mae / Freddie Mac. community reinvestment act actually required the large banks to make a lot of these loans. http://en.wikipedia.org/wiki/Community_Reinvestment_Act .

The crooks on Wall Street and in our government are making the final push to rob us blind before this Administration is forced from office. But first, they have to get the names signed on the bottom line.

Members of Congress are up early today. Their routine has been interrupted by a financial crisis of gigantic proportion. They are in a hurry to get out of town. The Big Bankers, the ones that really run this country, have asked them to rubber stamp an eventual $trillion dollar bailout for the big gamblers on Wall Street.

Never again in my life do I want to hear anyone talk about "welfare". This is welfare for the rich and the middle class, because very few "poor" people are involved in this bailout. It is upper and middle class and money market holders. It is people like members of Congress.

So, today, the Congress will "rush" to prevent the banking system from going under. The gamblers on Wall Street will rush to grab up the money. They are downright gleeful today. Most Americans will be left holding the bag. How telling that when they really, really need a $ trillion dollars, they can get it overnight. But, if the average working person needs healthcare or assistance for a sick parent, he can wait forever. That is what our nation stands for. Is there any doubt about how Congress will vote before this day is over?? We are being sold down the river.

Banking Committee Chair Sen. Chris Dodd, D-Conn., stressed that both parties would work together to find a solution but emphasized that the "total meltdown of the financial market" was "avoidable."

"This was avoidable. This did not have to happen. Where were the cops on the beat? Where were the regulators? When these loans were being made they did nothing." Dodd said

There you go - Dodd said it himsef. And who empowers these regulators? Congress, or specifically Pelosi and her liberal socialist buddies.

Call it reverse socialism to protect the rich, the crooks, the rich crooks, ...

Let see the guy who headed the committee charged with regulating Fannie and Freddie calling this "unavoidable". I guess it was unavoidable when you were taking thier money to look the other way!! What a scumbag!!! Now the rest of us get to pay the price for your corruption, don't we Senator.

somebody got the money, I am just amazed that we are not in the street with our gun and bible.

Calling everyone a stupid racist will get your candidate more votes.

Dodd suddenly become bi-partisan to clean up his mess?

For those who run the flag of communism or socialism. This is not. I live in a socialist country for many years and the middle class and poor were protected social security, health care and so on.

Here, the common person have no protection only the rich get the protection. We have been black mail by crooks have been in power for eight years and other crooks before them what do you expect.

We have been black mail for eight years. First was 911. we could do nothing but go to Afghanistan.
Second were weapon of mass destruction in IraK. we could do nothing but go to Irak.third the war did not do well so we could do nothing but stay.
Fourth the economy melt done so we could do nothing but rescue those financial crooks.

Truth Matters - you are showing your ignorance, it take 60 votes in the Senate to break a filabuster and the repubs didn't ever have it. Without 60 votes nothing can get done on controversial issues. And yes I know some of the repubs joined with the dems in blocking the bill, but John McCain and Ron Paul did not they were pushing for "change" to protect the American people.

goDem: Please tell me then, "WHAT THE HELL ARE YOU DOING IN MY COUNTRY" if it was better some place else? Pleeeze, Pleeeeeeeeeeeeeeeeeeze go home?

Hokuto - You said McCain "who was born into elite affluence", you must have never served in the military because no one in the military gets rich. John McCain's father and grandfather were both carrer military men. Please don't speak about things which you know nothing about!!

Dodd asks "Where were the cops on the beat? Where were the regulators?" ..yes indeed, where are they? The cops should be escorting Dodd, Frank, Waxman, and Pelosi out the front door in chains and shackles for the economic mess they have caused.

Sorry Bob, but yes I served, active duty USN (HM2) 1969-73 (including two years with the 3rd Marine Division), plus two more years active reserve when I returned to college. Now, "elite" and "affluent" are in the eye of the beholder, I guess, but I'd sure say the son/grandson of USN admirals belongs to the social elite in our country, and to a lot more affluent class than my family ever was.

Hokuto - I also served 6 years in the 82nd Airborne and I have to agree to disagree with you. No one in the Military is affluent.

Poor guy, they turned off his money spigot.

For anyone that would like to know the truth about Senator Dodd;
http://www.opensecrets.org/news/2008/07/top-senate-recipients-of-fanni.html

What total hypocrisy! Dodd was part of the problem! This is a perfect example of how politicians often try to be cloud the issue with a false sense of virtue. see;

http://www.opensecrets.org/news/2008/07/top-senate-recipients-of-fanni.html

LongT Dodd, along with the other Senators who blocked tightening the lending requirements to Freddie and Fannie.