Say It Ain't So Already

From the Uh, Duh File

March 18, 2010 at 2:37 PM Leave a comment

I would like to know if people in Washington are (1) indescribably arrogant, or (2) if the culture there has been so corrupt for so long that the notion of a conflict of interest doesn’t even enter their mind.

Probably both.

Dodd’s Chief Counsel Bought Financial Stocks During 2008 Crisis:

March 18 (Bloomberg) — Senate Banking Committee Chairman Christopher Dodd’s chief counsel in 2008 traded stock in Morgan Stanley, Wells Fargo & Co., American International Group, Inc., and other rescued companies as the panel considered legislation to address the credit crisis, according to her financial disclosure form filed with the Senate.

Amy Friend, 51, who is now leading the panel’s effort to write a bill overhauling Wall Street regulations, bought $1,000- to-$15,000 stakes in four banks, weeks after Dodd hired her in January 2008, the form shows. She also owned shares of Fannie Mae, Freddie Mac,  AIG and other insurance firms, according to the disclosure document, which she signed on June 5, 2009.

(My emphasis.)

Entry filed under: Corporatocracy, Democrats, Including Blue Dogs & "Liberals", Financial Crisis. Tags: .