Chris Dodd Admits He Wrote the Amendment That Allowed AIG to Hand Out Bonuses

Yesterday I wrote a post about how Chris Dodd inserted an amendment into the stimulus bill that permitted AIG to pay out the bonuses to its executives. Since the news broke about the Dodd amendment Chris Dodd has been denying that he wrote any such amendment. He has been trying to distance himself from this controversy.

But Chris Dodd has now admitted that he did insert the amendment into the stimulus bill that gave AIG permission to pay its executives $165 million in bonuses.

We wrote the language in the bill, the deal with bonuses, golden parachutes, excessive executive compensation that was adopted unanimously by the United States Senate in the stimulus bill,” Dodd told CNN’s Wolf Blitzer this afternoon.

It should come as no surprise that Dodd wrote these protections into the stimulus bill for AIG after it was learned that AIG donated over $100,000 to the Dodd campaign.

This man has been exposed, he is the man responsible for the $165 million in bonuses that has become the hottest topic on capital hill. While all of these self-righteous politicians grill the executives at AIG and condemn them they let people like Chris Dodd off the hook.

There would have been no bonuses without Chris Dodd, maybe they should put Chris Dodd on the stand.

How would you like to see the following exchange:

Frank: Did you write the amendment?

Dodd: you want answers?

Frank: I want the truth!

Dodd: you can’t handle the truth!

Frank: did you write the amendment?

Dodd: you’re goddamn right I did!