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Posted on 03/24/2009 10:57:07 AM PDT by bestintxas
No wonder Senator Christopher Dodd (D-Conn) went wobbly last week when asked about his February amendment ratifying hundreds of millions of dollars in bonuses to executives at insurance giant AIG. Dodd has been one of the company's favorite recipients of campaign contributions. But it turns out that Senator Dodd's wife has also benefited from past connections to AIG as well.
From 2001-2004, Jackie Clegg Dodd served as an "outside" director of IPC Holdings, Ltd., a Bermuda-based company controlled by AIG. IPC, which provides property casualty catastrophe insurance coverage, was formed in 1993 and currently has a market cap of $1.4 billion and trades on the NASDAQ under the ticker symbol IPCR. In 2001, in addition to a public offering of 15 million shares of stock that raised $380 million, IPC raised more than $109 million through a simultaneous private placement sale of 5.6 million shares of stock to AIG - giving AIG a 20% stake in IPC. (AIG sold its 13.397 million shares in IPC in August, 2006.)
Clegg was compensated for her duties
(Excerpt) Read more at realclearpolitics.com ...
This guy is unbelievable. Does he have to be involved in every scandal?
“Does he have to be involved in every scandal?”
Is the Pope Catholic?
...did she get a bonus?
Should I really be surprised about this?
And you’ve bit me even, why?
You know your bite is poisonous and now I’m going to die”
“Oh shut up, silly woman,” said the reptile with a grin
“You knew damn well I was a snake before you took me in
Lyric from Tender Hearted Woman
Powerful lobbying firms go after elected politician’s spouse and family. I thought there were laws prohibiting, but maybe not?
Dodd’s wife has her own consulting company also. Be nice to know how much money, and from whom, her company has earned. Wonder if AIG ever paid her?
Not saying anything untoward has gone on, but in the past relatives of politicians have been hired as ‘consultants’ as a way of funneling money to the politician in return for favors.
Oh,it’s a Democrats wife! Nothing to see here move on!
Wouldn’t be delicious if a bus tour was organized that ordinary folks could go look at Dodd’s CT residence?
Maybe we could also haul her up in front of Barney Frank who could spit on her as he dressed her down (sorry about the picture created here).
Is she Dodd’s BAg LADY??? Is she the MONEY FUNNELER???
Follow the money trail and see where it leads.
Follow the money trail and see where it leads.
The hilarious part of this is that on the Real Politics page, the story surrounds an ad for Eharmony.
Related thread:
Will Obama’s Chief of Staff Return Money From Stock Options ...from... Freddie Mac ?
AMEN...see link at #17 for more.
This is atrocious!
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