Today Judicial Watch issued its list of most corrupt politicians in Washington. At the top of the list is Senator Christopher Dodd. Judicial watch’s summary of his corruption follows.
1. Senator Christopher Dodd (D-CT): This marks two years in a row for Senator Dodd, who made the 2008 “Ten Most Corrupt” list for his corrupt relationship with Fannie Mae and Freddie Mac and for accepting preferential treatment and loan terms from Countrywide Financial, a scandal which still dogs him. In 2009, the scandals kept coming for the Connecticut Democrat. In 2009, Judicial Watch filed a Senate ethics complaint against Dodd for undervaluing a property he owns in Ireland on his Senate Financial Disclosure forms. Judicial Watch’s complaint forced Dodd to amend the forms. However, press reports suggest the property to this day remains undervalued. Judicial Watch also alleges in the complaint that Dodd obtained a sweetheart deal for the property in exchange for his assistance in obtaining a presidential pardon (during the Clinton administration) and other favors for a long-time friend and business associate. The false financial disclosure forms were part of the cover-up. Dodd remains the head the Senate Banking Committee.
For a number of reasons, it looks like Dodd will not be re-elected. But that is scant punishment for his lifetime of crime and corruption. The system is Washington is itself so corrupt it is all but impossible to punish anyone for anything less that hiding a bag full of illegally gained cash in a freezer.
Today we learned from an article in the Washington Examiner that Dodd slashed aviation security funding for a favored
campaign contributor constituency. There will be no consequences for this, another corrupt deal.
In addition to the corruption, Dodd is at least partially responsible for the mortgage melt down and the current economic mess. Of course making bad policy and pushing stupid laws is not a crime in Washington. In fact it is usually rewarded. The money lost by the American people because of his legislation makes the money stolen by Bernie Madoff look like pocket change.
In the end Dodd will skate from this and the other messes he helped create and retire in the lap of unearned luxury. He will be revered as an elder stateman and invited to sit on the boards of major corporations. He will earn fat speaking fees and take a lucrative lobbying job at some law firm.
What a system these guys have made for themselves. It’s no wonder they are willing to spend millions to get a job that pays almost nothing.