Tuesday, April 27, 2010

So while Dodd, The Friend Of Angelo(he who provides special deals

to corrupt senators) is still at it while he's lecturing everyone else about honesty and responsibility:
The Senate bill, sponsored by Democrat Chris Dodd, claims to subject all "too big to fail" institutions to greater federal supervision, but in fact it only mandates such regulation for bank-holding companies. Regulators would have to make a case-by-case decision on whether to apply it to other financial companies.

That's no minor oversight, because insurance companies, like AIG, tend to have thrift charters rather than bank charters. So, as the bill stands now, AIG and other insurers that accepted massive bailout funds, such as The Hartford, would not be automatically covered. That's a head-scratcher only if you forget that most insurance companies reside in Dodd's home state, Connecticut.

In other corrupt Democrat news,
Four weeks after the Independent gubernatorial candidate was fingered for sending illicit fundraising solicitations to official State House email addresses, the state Democratic Party is defending as a mistake similar emails disseminated by party chairman John Walsh.

And next time someone you know yells about the nonexistent tea party member violence, send them to this. And ask them what they'd have thought if a conservative/libertarian/Republican had kids beating on an effigy of a Democrat politician.

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