Urbin Report

Wednesday, December 10, 2008

It's a damn good example.

John C. Lovelace writes the following in a letter to the Las Vegas Sun:

Is this what you call chutzpah? Sen. Chris Dodd of Connecticut has demanded that the chief executive officer of General Motors resign because of the management of GM during his tenure.

Isn’t this the same Sen. Dodd who along with his House counterpart Rep. Barney Frank continued over the years to tell the public that Fannie Mae and Freddie Mac were fine upstanding organizations with no financial problems while they were in fact in the process of collapsing?

Additionally, wasn’t Sen. Dodd the one who took sweetheart loan deals from Countrywide Financial? Why are there no demands for Sen. Dodd to resign from the U.S. Senate?

HT to Mr. Reynolds