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)
The decline of the dollar
By John Schroy, on March 30th, 2009 |

Foreigners hold $16.9 trillion in dollar financial assets, accumulated through years of selling goods and services to the US. Profligate deficit spending by the Pelosi-Reid Congress increases the probability of dollar inflation.
If foreign governments were to convert their holdings of dollar financial assets into non-financial assets, like US REITs, they can guard against dollar inflation. They might also gain a position that, in the extreme, would be against US national security interests.
The Efficient Market Hypothesis
By John Schroy, on March 23rd, 2009 |

The Crash of 2008 was exacerbated by a FASB mark-to-market rule that required financial institutions to write down assets below commonsense valuation. As John Maynard Keynes remarked, the problem was an academic scribbler’s unproven theory, some forty years ago.
That ’scribbler’ was Eugene Fama and his unproven idea was called “The Efficient Market Hypothesis”. The Crash of 2008 did much to discredit this harmful musing that supported Modern Portfolio Theory, mark-to-mark accounting, and unmanaged index funds.
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