Posted on 01/08/2010 11:27:29 PM PST by TigerLikesRooster
Did Hedgies lose out on their investment — or help dump — Dodd?
January 6, 2010 at 7:02 pm by Teri Buhl
When U.S. Sen. Christopher Dodd (D-Conn.) announced Wednesday he wouldn’t run for a 6th term, folks in the financial world behind the Dump Dodd campaign were rejoicing, but some big name hedgies likely realized they’d just taken a huge loss on their political investment.
Greenwich resident Bruce Rose, founder of Carrington Capital, appears to be the biggest loser. This summer Maurna Desmond of Forbes.com broke the news that the chairman of the Senate Banking Committee was acting as a personal lobbyist for Rose with the Fed.
Rose was having trouble getting Federal Reserve Bank Chairman Ben Bernanke to loosen the terms for his mortgage servicing business, Carrington Mortgage, to borrow from the Term Asset-Backed Securities Loan Facility, or TALF, an important component of the government’s financial bailout plan.
/snip
One top bank analyst who has an ear with the Senate Banking Committee to monitor the progress of Dodd’s regulatory reform bill — one that would take power away from the Fed in its oversight of banks — said a few weeks ago it became clear Dodd just couldn’t raise the funds with the financial services community like he had in the past.
As one distressed debt fund manager said Wednesday, “Everybody knew Dodd was in need of at least $10 million. He went out to the base the past few months, and they yawned.”
(Excerpt) Read more at blog.ctnews.com ...
CUTE PUPPY POSTED: Endangered Dems are moving “familiar faces” around the country, to salvage whatever seats they can this November. The Dims have different colors of “dogs” - “blue,” “yellow,” “purple” - that they profile to run in specific voting districts.........
Dims are much better at duping the electorate than the GOP. Rahm Emanuel ran Dems who posed as "reverential believers" in solid Republican districts, and they won. He even had Marxist candidate Obama say, "I want to be another Reagan."
“He even had Marxist candidate Obama say, “I want to be another Reagan.”
LOL....instead we got allhu akbar.
Get them all out.
Nice summation. Dodd was in deep doo-doo knowing he could not raise the $10Mill he needed to win. Looks like costly campaigns are biting back Dims...... one instance in which we should all be grateful campaigns are costly.
I noticed the original story at the above link has been “errored”. I guess to much info was getting out.
“Dems are moving the “familiar faces” around to save what seats they can in Novemeber.”
See also:
http://www.freerepublic.com/focus/f-news/2425092/posts
The spoiler: How Harold Ford Jr. will shake up New York politics
Looking back at Ohaha’s campaign, everything he said was a lie.
Thankfully the media latched onto his “transparent healthcare-debate-on-C-Span” lie.
You're too obsessed with "transparency." Wattsamatter----one hour of the 2700 pp healthcare debate on C-Span not good enough for you? (/snix)
Yep, you have to, 'Give The Devil His Due'. Rahm was very slick. He picked off almost every RINO in the House by running a RAT that was ... (cough) ... 'more conservative'. [And Schumer pulled the same trick with senate cadidates.]
A fact which I point out - rather loudly - to to every mope from the RNC, et al, who calls begging for money.
That guyat CNN, is it Cafferty? ripped Obama’s head off.
Maybe it's because he's a resident of Iowa.
Dodd Moves To Iowa, Campaigns To Reach Fourth Place
November 29, 2007 3:26 p.m. EST
Kris Alingod - AHN News Writer
Des Moines, IA (AHN) - Former Connecticut Rep. Chris Dodd has taken up residence in Iowa and decided to spend the most time campaigning in the state than any of his Democratic presidential rivals.
On Wednesday he announced that he would not be attending a Democratic National Committee meeting in Washington scheduled for this week because he had to campaign in Iowa, where caucuses on January 3 open the nominating contests for this election.
The move has so far not had any effect on the poll numbers of Dodd, who has never broken out of the second-tier line-up of Democratic hopefuls since he began his campaign. Despite this, he believes that "the door is still wide, wide open," and he may join top contenders Sen. Hillary Clinton (D-NY), Sen. Barack Obama (D-IL) and former North Carolina Sen. John Edwards as the last of four final candidates for the Democratic nomination.
"The earlier caucus date, particularly the proximity to that and the holiday season is going to add a dimension to this that we haven't really thought about in the past," Dodd said in an interview with the Associated Press. "I think there may be one more, there may be four tickets out."
Dodd's home in Iowa is a 1,700-square-foot, 1929 Tudor filled with artwork by his 6-year-old and 2-year-old daughters.
"This was our opportunity to keep our family together and meet more Iowans," Dodd's wife, Jackie Marie Clegg, told the DesMoinesRegister. "When I was there for six and eight hours in airports and traveling back and forth, you're not meeting as many people as you can meet when you're here. And we can have a home base."
http://www.allheadlinenews.com/articles/7009308516
Democrats stupidly gave Dodd a big role in healthcare "reform" thinking that would rehabilitate his damaged image.....There is even one laughable quote from Dodd saying he was getting "a whole new voter base" from his role in healthcare reform.
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Course I could be wrong (/snix), but this is probably what led to Dim Dodd being kicked out by the Dem PTB.
Last July, Dodd proposed an amendment reducing aviation security appropriations by $4.5M in favor of firefighter grants (a move that enriched one of Dodd's financial backers). The federal money Dodd eliminated was specifically intended "for screening operations and for explosives detection systems."
AT THE TIME I POSTED THAT ITEM DEC 2009, MY ADVICE TO DODD WAS: "Dodd should pack his bags and leave now, before he's tarred and feathered and run out of DC on a rail."
Dodd was in deep doo-doo knowing he could not raise the $10Mill he needed to win. Looks like costly campaigns are biting back Dims...... that's nice.
Yep. CT is an insurance and financial services state, filled with many NY and NJ expats. Dodd's eager support and embrace of any and all taxes, mandates, regulations and other "reforms" of insurance and financial industries would hit Conn. big time.
"a whole new voter base" didn't exist and didn't materialize out of thin air, so now "everybody hates Chris".
Dodd may be a resident of Iowa / Connecticut in the same way as ex-Rep. Robert Wexler (D-FL) was a "resident" of Florida 19th district while living in Maryland, where he exempted himself from the income tax by claiming that he lived in Florida.
Two of the most bizarre disappearing acts in politics: Mel Martinez (R-Fla and onetime RNC chef) and Cong Wexler (D-Fla). One day they just decide to quit.
Martizez disappears. Wexler announces he is quitting to head The Middle East Peace Center------yet another Middle East Slush Fund---setup as a tax-exempt "foundation."
Just filling the money laundering void that Madoff created. The bilking of the US Treasury continues.(/snic).
NEED TO KNOW Did then-Cong Wexler vote for (or did he earmark) budget appropriations for The Middle East Peace Center Slush Fund--that included a hefty salary, expense account, travel allowance, and other perks, for himself?
==================================================
BACKSTORY Wexler lived with his family in Maryland and calculatedly used his in-laws’ Palm Beach address to establish Florida residency — in overwhelmingly Democratic Palm Beach. Wexler was elected in 1996 and has NEVER faced a serious challenge. Wexler won a seventh term with 66.2 percent of the vote.
(Sob) I just hope Wexler's wealthy Palm Beach district is not the same wealthy Palm Beach affinity crowd that got wiped out "investing" with Madoff (/sniffle).
Wexler's new job at The Middle East (gag) Peace Center involves Big Bucks US tax dollars. Wexler's job will consist of negotiating a multi-billion dollar price tag for the inevitable photo-ops of phony Peace Pals---Obambi and Bimbiyahoo (in $3500 Armani suits)---shaking hands in the Rose Garden (yawn).
An accounting of the Wexler-types getting wealthy off these peace scams is in order. Most Americans believe these people should be prosecuted for daring to utter "peace" and "Mideast" in the same sentence.
Yet another carpetbagger going to New York to make / keep / increase his / her political fortune. Oh well.
Harold Ford Jr. was almost successful in fooling enough people in Tennessee that he is a "charismatic" and "conservative" Democrat in TN Senate race of 2006.
We all should take heed that RINOs from "blue states", including "Maine Sisters" Snowe and Collins, have voted against the passage of Senate ObamaCare bill (after playing some "cooperation game"), while it didn't take much of taxpayers' dough to buy "blue dogs" including Nebraska's Ben Nelson and the "independent" pretender Lieberman. It may be a lesson to show voters in conservative states and districts.
We have about 30 reliable "red states" in the West and South (like Montana, Dacotas, Carolinas etc.) that should have no business electing Democrats (of any "color") to Senate, if only national and state's GOP organizations could get decent candidates which would give Republicans almost filibuster-proof Senate "forever". Even easier is to maintain control of the House and have 30 or more governors.
We, then, would not have to worry about "blue state" RINOS, as they would have little voice, except to keep their constituents happy, but would add enough to the numbers when needed... if we only threw out RINOS and "blue dog" Democrats from otherwise reliably conservative "red" states that need to be cleaned up with new "red" insurgent blood. From these insurgents, just like from class of 1994, may come new Congressional leadership.
That's where the efforts need to be allocated starting this election year. Democrats have been very successful with their Colorado Model - The Democrats' plan for turning red states blue and the Swing State Project.
Republicans, geopolitically and demographically (for now, at least) are in much better position to have this kind of electoral success, if only the current GOP leaders could get off their duffs and get to work recruting and sponsoring the right new people, instead of supporting the usual "good ole' boys".
I feel your pain :-) Yes, his former district includes western part of Palm Beach, which was hit hard by Hurricane Bernie.
An accounting of the Wexler-types getting wealthy off these peace scams is in order.
That's what these "foundations" are for - to funnel money out of government into private coffers of politically connected, and/or launder tax-free or tax-friendly money into political campaigns and other "foundations".
Must be nice to be in the "tax-exempt peace business." Gosh, too bad Bernie didn't think of that---he's still be hob-nobbing with all the Palm Beach "philanthropists" instead of occupying a cement cell.
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