Politics – Chris Dodd, Barney Frank, Roy Blunt, and Judd Gregg and the bailout

The top bailout negotiators (congressmen and senators) were paid almost 20 million dollars by the finance, insurance, and real estate firms during the last two decades to look the other way while Wall Street did their greedy stuff. Now these same senators and congressmen are trying to protect Wall Street and wrote a bailout proposal that stiffs it to the taxpayers. That’s you and me. At the same time, they fixed nothing on Wall Street.

Here are the totals:

  • Senator Chris Dodd, chairman of the Senate Banking Committee (Dem, CT): received $13,205,556
  • Congressman Barney Frank, Chairman, House Financial Services (Dem, MA): received $2,494,611
  • Congressman Roy Blunt: House Minority Whip, MO) received $2,000,000
  • Senator Judd Gregg, Senate Banking Committee, NH : received $1,000,000

That’s right, these dudes got almost $20 million over the last two decades to protect Wall Street with your money. No wonder there are no CEO pay limits, golden parachutes are protected, and executives can party with your taxpayer money instead of being locked up in a jail. House members say their calls coming in were 50-1 against any bailout deal. Yet they voted for the bailout along with a lot of pork.

For more information, see the Lou Dobbs report at:http://tabacco.blog-city.com/top_bailout_negotiators_took_millions_from_lobbyists__lou.htm History will not be kind to them.Want to see how your senator or congressperson voted on the bailout? Go to:http://www.votesmart.org/official_five_categories.php?dist=voting_category.php

Trackbacks

  1. [...] It seems wonderful that our own Senator Merkley worked with Senator Chris Dodd to get a banking reform in place. There’s only one major problem here. I have no faith in Senator Chris Dodd. None at all. Back in 2008, Lou Dobbs reported That Chris Dobb was a leader in putting the Wall Street bailout together, protecting the gold parachutes, high CEO salaries, and the obscene bonuses for the very people that caused the problem. (see http://www.creatingnewworlds.org/wordpress/2008/10/29/politics-chris-dodd-barney-frank-roy-blunt-and...). [...]

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