Democrat Corruptocrats, The Saga Continues

Dodd & Jesse Jackson Jr. have both been involved in some shady dealings over the past couple of years, if not earlier, but as recently as this week.

Senator Dodd, as we all know, has some major corruption and reputation issues to work through, especially after his Countrywide ties and his own dealings with AIG (with his wife and campaign contributions/bonus language in the stimulus), as well as the complete meltdown of the financial industry under his watch and Barney Frank’s!

However, there was a recent investigation into some old lobbying ties of Senator Dodd’s, and of all places this investigative reporting took place on the Huffington Post!

there’s a lobbying group called the Online Lenders Alliance. Fair enough. They’re throwing a conference this week. So far, so good. There’s a bunch of people from Congress involved or speaking, on both sides of the aisle. Fine*. Senator Dodd was one of the scheduled Senators for the event, except when asked about it first his staff, then Dodd himself flatly denied that he was there on OLA’s behalf at all; it was an independent fundraising dinner. Nothing unusu… wait, what?

Inside the restaurant, Dodd staffers said the dinner, which was not open to press, was not even sponsored by the Online Lenders Alliance.

The dinner “is not an OLA event,” OLA spokeswoman Lisa McGreevy said in a subsequent phone interview. But the OLA agenda lists a Dodd dinner — was there a mixup?

“I don’t think there was any mixup,” she said. “There is a fundraiser tonight for Senator Dodd.”

McGreevy added: “There may be some OLA people there.”

Needless to say, the Huffington Post has a contradictory screenshot, presumably from the OLA website. They also helpfully note that Dodd takes the cash from payday loan people, although I don’t know how fair it is to point that out, particularly since 44 grand isn’t that much in the scheme of things. Anyway, it looks like Dodd’s lying to somebody: he’s either using what should have been a perfectly-normal lobbying event to quietly and deniably raise some cash, or he doesn’t want the Left to think that he’s playing both sides of the fence when it comes to credit card ‘reform.’

Poor milk dodd – he continues to speak out of both sides of his mouth and wonders why he is so low in the polls against Simmons.

Jesse Jackson Jr. doesn’t think twice when it comes to funnelling money to his wife due to loopholes in laws that allow her to act as a consultant for political action committees.  This is typical of the dynasties set up in Chicago, where people are still poor, crime is still high, and children are being killed on the street at alarming rates… One would think that the reason this continues to occur is due to the political thugacracy and the dynasties that could care less about their constituents.  They care more about power and control and remaining atop the “hill.”  Ask Obama!

Representative Jesse Jackson Jr.’s congressional campaign organization has paid his wife at least $247,500 since 2001, including at least $95,000 after Sandra Jackson joined the Chicago City Council two years ago, according to federal election records.

Jackson’s political committee also gave at least $298,927 in cash and in-kind contributions to Sandra Jackson’s campaign fund, which bankrolled her races for a city council seat that pays more than $100,000 per year and an unpaid position on the Cook County Democratic Committee.

Sandra Jackson, known as Sandi, received the $95,000 for political consulting after pledging during her campaign to give “my full attention” to the alderman’s post.

Jesse Jackson got a Federal Election Commission advisory opinion in 2001 saying his campaign could pay Sandi Jackson for consulting work without violating a ban on personal use of political donations. Even so, the Chicago Democrat’s fundraising is so entangled with his family’s interests that he’s pushing the limits of propriety, said Melanie Sloan, executive director of Citizens for Responsibility and Ethics in Washington, a nonprofit ethics watchdog group.

“Much of this may be legal, but let’s refer back to an old quote: the scandal in Washington often is what’s legal,” said Sloan, whose group in 2007 reported on relatives who profit from their ties to members of Congress. “Mr. Jackson is availing himself of the full range of loopholes by which he can transfer money to his family.”

Bigger Than Watergate!? Bank of America and Government Scandal

I don’t know what to make of this but it seems like a pretty big deal.  Will it be pushed under the rug or become a thorn in the side of those involved?  You be the judge.

Whether the story is bigger than Watergate or not, it is definitely a scandal of huge proportions.
To sum it up, on April 23, 2009, New York Attorney General Andrew Cuomo sent a letter to Chairman of the U.S. Senate Committee on Banking, Housing, and Urban Affairs Chris Dodd; Chairman of the House Financial Services Committee Barney Frank; SEC Chairwoman Mary Schapiro; and Chairwoman of the Congressional Oversight Panel Elizabeth Warren.
The letter outlined how former Treasury Secretary Paulson and Fed Chairman Ben Bernanke forced Bank of America’s acquisition of Merrill Lynch – even though Bank of America CEO Ken Lewis and the board of directors tried to pull the plug on the deal after it turned out that Merrill Lynch was far deeper in debt than it had admitted.
In the words of Attorney General Cuomo himself:

Immediately after learning on December 14, 2008 of what Lewis described as the “staggering amount of deterioration” at Merrill Lynch, Lewis conferred with counsel to determine if Bank of America had grounds to rescind the merger agreement by using a clause that allowed Bank of America to exit the deal if a material adverse event (“MAC”) occurred. After a series of internal consultations and consultations with counsel, on December 17, 2008, Lewis informed then-Treasury Secretary Henry Paulson that Bank of America was seriously considering invoking the MAC clause. Paulson asked Lewis to come to Washington that evening to discuss the matter.

Bank of America’s attempt to exit the merger came to a halt on December 21, 2008. That day, Lewis informed Secretary Paulson that Bank of America still wanted to exit the merger agreement. According to Lewis, Secretary Paulson then advised Lewis that, if Bank of America invoked the MAC, its management and Board would be replaced.

Meanwhile Ken Lewis has been sacked as chairman of the board at Bank of America… even though he might well have been the only conscientious and honest player in this scheme. And now the sharks have started to turn on each other: according to Cuomo, Paulson “largely corroborated Lewis’s account” and informed the attorney general’s office that he “made the threat at the request of Chairman Bernanke.” The latter has so far chosen to keep his mouth shut.
The key factor here is not that the Devious Duo forced Bank of America into a merger it didn’t want to commit to. Granted, that’s an unheard-of interference of government in the free market, but we’re quite sure that the Powers-That-Be could sweep it under the rug by invoking the “greater good.”
No, the part of the story that could really break ‘Al’ Paulson and ‘Don’ Bernanke’s necks is the failure to inform the Securities and Exchange Commission, as well as Bank of America’s shareholders, of the extent of toxic waste Bank of America was forced to accept. That’s fraud, pure and simple.

Chris Dodd Compares Bush and Bush Officials to Nazis – Nazis Were Persecuted Why Not Bush?

Well, if we are into persecuting people, maybe we should persecute Democrats for all their fraud and corruption and their collapsing of the economy – Dodd and Frank would be the first two up!

So with that said – the only way to resolve that is to dump Dodd and vote for Rob Simmons!

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More Scandal for the Dodds: Wife of Chris Dodd on Board of Directors Associated with Donors

When will the corruption end!?  I love how this guy being interviewed tries to okay this.  This is just another example of the limousine liberals and the “X for me, but not for thee” philosophy.