- The Washington Times - Wednesday, April 1, 2009

ANALYSIS/OPINION:

It comes down to money buying money — A classic case of this old way of doing business in Washington is exemplified by Sen. Christopher J. Dodd, Connecticut Democrat.

Why should anyone suspect Mr. Dodd of being an advocate of outrageous bonuses for American International Group Inc. executives who had not even honestly earned their salaries, much less bonuses, for incompetence? Mr. Dodd was the recipient of more than $160,000 in contributions from employees of AIG (”AIG chiefs pressed to donate to Dodd,” Page 1, Monday), but no one should hold that against him. If, in effect, he was for the bonuses, he was simply giving back to his contributors, and there is no law against doing that.

Mr. Dodd must have many sleepless nights thinking about how he is going to repay all of his contributors, but he is not the only one with the problem: There are 534 of his colleagues with the same problem. And let’s not forget the big man in the White House: He received the most money from the AIG boys, and he is doing all he can to pay them back.

LOUIS G. DOMINGUEZ

Gainesville, Va.

LOAD COMMENTS ()

 

Click to Read More

Click to Hide