Conservative Economic Commentary

Subject: Chris Dodd

Christopher John “Chris” Dodd (born May 27, 1944) is an American lawyer and Democratic Party politician serving as the senior U.S. Senator from Connecticut.
Dodd is a Connecticut native and a graduate of Georgetown Preparatory School in Bethesda, Maryland, and Providence College. His father, Thomas J. Dodd, was one of Connecticut’s United States Senators from 1959-1971. Chris Dodd served in the Peace Corps for two years prior to entering law school at the University of Louisville, and during law school concurrently served in the United States Army Reserve.
Dodd returned to Connecticut, winning election in 1974 to the United States House of Representatives from Connecticut’s 2nd congressional district and was reelected in 1976 and 1978. He was elected United States Senator in the elections of 1980, and is now the longest-serving Senator in Connecticut’s history, the 9th most senior of current Senators and one of three from the 1980 freshman class who is still serving.
Dodd served as general chairman of the Democratic National Committee from 1995 to 1997. He serves as Chairman of the Senate Banking Committee. In 2006, Dodd decided to run for the Democratic nomination for President of the United States, but eventually withdrew after running behind several other competitors. In January 2010 Dodd announced that he would not run for re-election in the 2010 midterm elections. (Wikipedia Jan 2010)

Phony financial reform

Dodd-Frank won’t make better markets

By John Schroy, on July 17th, 2010 |

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Financial markets can be extremely complex, with many areas that can fail and break.

Unfortunately, instead of a ‘game-changing’ confidence-inspiring reform, the Obama administration presented the United States with the Dodd-Frank Act — a legislative miscarriage that has the potential to hold back recovery and impair the position of New York as a world financial center for decades — unless repealed or drastically amended.

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Faked Reform

Dodd-Frank spurs sub-prime loans

By John Schroy, on June 27th, 2010 |

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The tentacles of sub-prime lending are far reaching and grow from a bed of corrupt politics.

The immediate cause of the worldwide financial Crash of 2008 was the extensive granting of sub-prime mortgages.

The Dodd-Frank financial reform bill introduced in Title XII, “IMPROVING ACCESS TO MAINSTREAM FINANCIAL INSTITUTIONS”, a new, fraud-prone solution to a non-existent problem, the granting of $2,500 loans to middle and low income borrowers.

In combination with other political funds, this program could be an extremely powerful tool for voter fraud. In fact, it is difficult to imagine why else it would be inserted into the Dodd-Frank Act.

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