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Dodd Goes Fishing; Catches Bundles

What a difference a day makes. The day after Democrats took over the US Senate, the prospects of U.S. Sen. Christopher J. Dodd improved considerably. In the six weeks after Connecticut’s US senator and presidential hopeful assumed chairmanship of the powerful banking committee, Dodd “ collected more than $1 million in contributions from individuals and political-action committees associated with the banks, securities firms, insurance companies, and housing developers overseen by the panel ,” the Journal Inquirer reported. More than a third of the money was shipped to Dodd in “bundles.” “ They included: * $98,800 from 70 executives and employees at Citigroup. * $71,400 from 34 at American International Group. * $57,450 from 34 at Merrill Lynch. * $50,000 from 27 at Credit Suisse. * $38,100 from 36 at Morgan Stanley. * $27,500 from 39 at KPMG. * $34,650 from 28 at Bear Stearns. * $24,200 from 14 at J.P. Morgan .” According to the report, Dodd, “ a leading proponent of deregulation in the...