18 March 2009

Treasury Attempts to “Blame Dodd” for AIG Bonuses

By: Jane Hamsher
Tuesday March 17, 2009 1:15 pm

As Geithner tries to get out of the way of the AIG bonus train wreck, it looks like the designated sin eater is going to be Chris Dodd:

The administration official said the Treasury Department did its own legal analysis and concluded that those contracts could not be broken. The official noted that even a provision recently pushed through Congress by Senator Christopher J. Dodd, a Connecticut Democrat, had an exemption for such bonus agreements already in place.

So Treasury says Chris Dodd did this? In a word. . . no.

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