Dodd Altered Stimulus Bill to Allow AIG Bonuses
In case you haven’t already seen this news: Chris Dodd AIG admission: Senator says he helped adjust bill to allow bonuses.
HARTFORD, Conn. — Sen. Christopher Dodd (D-Conn.) suffered a political blow Wednesday with the admission that he had been involved in key legislative changes that helped pave the way for AIG to pay controversial bonuses.
In a retreat from earlier statements, Dodd said Treasury Department officials had come to him last month urging him to modify an amendment to the stimulus bill that capped bonuses for firms receiving aid.
On Tuesday, Dodd had said he was not a member of the conference committee that crafted the compromise bill and said the exception had not been in the bill as he drafted it.
But late Wednesday, Dodd admitted he had been involved in the change.
Frank says: