AIG exec sought donations for Dodd

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A top AIG executive in 2006 tapped his subordinates for hefty donations to Connecticut Sen. Chris Dodd as he prepared to take control of the Senate Banking committee, Jennifer Haberkorn and Jerry Seper are reporting.

As banking committee chairman, Dodd would have some influence over AIG’s dealings. Earlier this year Dodd — at the behest of the Treasury Department — added wording to the bailout legislation that allowed AIG executives to keep lucrative bonuses paid for with taxpayer money.

AIG has received more than $170 billion in federal bailout money and paid at least $218 million in bonuses.

Dodd must feel a little like Michael Corleone: “Just when I thought I was out, they pull me back in.”

Now Dodd faces a tough challenge for re-election next year.  If only that presidential run had gone better last year …

AIG might be too big to fail — but the politicians helping to prop it up aren’t.

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About the Author
Carleton Bryant

Carleton Bryant

Carleton Bryant is the assistant managing editor for strategic planning and development/special projects for The Washington Times. He previously served as The Times' Metropolitan desk editor, Features desk editor and an assistant National desk editor, as well as a National and Metropolitan reporter. He currently writes a humor blog and weekly humor column — both titled "Out of Context" — ...

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