Thursday, December 18, 2008

Did BOA Write Dodd’s Bill?

Did Bank of America write Dodd’s Housing Bail Out Bill? The scoop was not, as may be expected. Provided by Connecticut’s main stream press.

"Some journalists and Republican lawmakers are asking if Countrywide bought a bailout bill with its VIP loans to Dodd, who is chairman of the Senate Banking Committee. But when asking cui bono? about Dodd's bill, we need to look to Bank of America.

"Bank of America agreed in January to buy Countrywide, and the deal is near completion. House and Senate staffers opposing the measure say Bank of America operatives wrote that chamber's version of the bailout.

"One Senate staffer was told by a lobbyist, 'the bailout section is exactly what Bank of America and Countrywide wanted.' The Senate staffer added 'its obvious they got what they asked for.'"

These stories exist, when they exist at all, in out of the way places, though the Los Angeles Times did consent to notice back in June.

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