Dodd Blocked Reform at Fannie Mae and Freddie Mac
Government-backed mortgage giants Fannie Mae and Freddie Mac were at the center of the housing crisis, buying up risky subprime mortgages that were a primary cause of the housing collapse. Chris Dodd led the fight to block reform efforts that could have averted the collapse.
Dodd's AIG Bonus Fiasco
In March 2009, it was revealed the AIG, the nation's largest insurer used bailout money to fund $165 million in bonuses to 418 executives. At first, Dodd denied having anything to do with it -- until he later confessed. Watch the astonishing video of his AIG reversal.
Dodd's VIP "Friends of Angelo" Loan
Senator Dodd was so deeply enmeshed in the subprime mortgage crisis he received not one but two VIP "Friends of Angelo" loans from the CEO of Countrywide Insurance, Angelo Mozilo, who is now under investigation by the Securities and Exchange Commission.
Dodd Moves to Iowa on the Eve of the Financial Crisis
In 2007, as economic storm clouds gathered, Dodd decided he had better things to do than his job as Senate Banking Chair and ran for President. Not only that, but he moved to Iowa, visiting Connecticut just 2 times that year. See the consequences of Dodd's neglect of his oversight duties.
