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Ushering in a new era for credit
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About the author
Tess Vigeland is the host of Marketplace Money, where she takes a deep dive into why we do what we do with our money. Follow Tess on Twitter @radiotess
Your paling up to Chris Dodd on this issue is devastating to your credibility as journalists.
Dodd is pushing this ineffective distraction legislation because he is afraid of losing a reelection bid due to credible allegations that Dodd is a corrupt shill for Wall Street interests.
Senator Dodd can be reasonably said to be the most corrupt legislator in Washington. Not only petty corrupt behavior, like his sweetheart mortgage from Countrywide, but as a shill for the investment banking firms. As the WAPO points out in a 5/30/09 story, not only was Dodd behind the industry-written bankruptcy law rewrites, but he pushed legislation in the 1990s allowing the Fed to push billions to Wall Street without any accountability.
More than any single individual, Chris Dodd created the lax legislative environment that permitted the financal meltdown.
If you want to redeem yourselves, a _journalistic_ appraisal of this corrupt Senator's malign effects on the economy is in order.
Pronto.
