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Born at the Crest of the Empire

Friday, March 20, 2009

Dodd is imploding

Sen. Dodd's role in the AIG bonus thing is blowing up (NYTimes, AP,) and he's now on his third version of explanation.
On Thursday, the senator sought to defuse the furor over the latest revelation, holding a conference call with reporters.....

Mr. Dodd said that his staff revised the bill at the urging of Treasury officials....

While he knew the language was being rewritten, the senator said he had no idea the revision would allow for the bonuses at A.I.G.

So, first an outright denial. Then, the White House told hm, Now, it's vague and unnamed "staff."

As I noted yesterday, Dodd was a little wobbly before, but this could do him in. The Senator from banking may have to find another gig.

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