Dodd lives in glass house over mortgage meltdown!

Chris Dodd(D-Conn), protector of the poor, tough guy against big business, hater of all things Bush and a big reason why the Senate should have term limits. While Senator Dodd has been blaming everyone under sun the for the mortgage meltdown, perhaps he should look no further than his desk. From the Virginia Pilot on March 21, 2008:

In addition to having regulatory responsibilities, the seven members of the Fed's Board of Governors sit on the Federal Open Market Committee, which shapes the nation's monetary policy by influencing interest rates and using other tools.

In an Oct. 3 article, The Wall Street Journal quoted the banking committee's chairman, Sen. Chris Dodd, D-Conn., as saying he had no plans to move the three nominations through the committee and to the Senate floor for confirmation. "The Fed nominations are not a high priority at this point," Dodd said. "We've got some legislative stuff to get out."

So apparently, Senator Dodd had more important things to do for the past several months than allow nominations to the Federal Reserve to be voted on by the Senate which would result in their being seated as this is not a political position. At least it wasn't until Dodd politicized it.

Speaking tonight on Philadephia's Big Talker 1210(WPHT) on Anthony Mazzarelli's(Dr Maz) evening show, fellow talk show host and financial analyst Steve Cordasco called Dodd "a snake". He was referring to Dodd's tendency to speak one thing in public and do another. He also hinted breaking this news on Glenn Beck tomorrow so if you are reading this, you may want to tune in to Glenn on CNN.

And what was Dodd's big plan for the Senate Banking Committee?

When the Senate's current session began two weeks ago, Dodd announced his 2008 priorities for the banking committee, including efforts to enhance economic prosperity and national security. His statement, however, made no mention of whether the committee would vote on the nominations to the Federal Reserve Board.

What a cruel joke.

Read the entire article here.

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