Dodd- Still a Weasel

Anyone who thought that by announcing his retirement from the Senate, that Christopher Dodd might shed his thrall to Wall Street and the Banks had best be disabused of that notion. For he is doing everything he can to accommodate the banking industry and to fuck the American people:

NEW YORK (Reuters) - The head of the Senate Banking Committee may scrap the idea of creating a consumer financial protection agency, the Wall Street Journal said on Friday citing people familiar with the matter.

Such a decision would set back White House efforts to overhaul financial sector regulations.

Sen. Christopher Dodd has discussed abandoning the idea for an agency with key Senate Republicans as a way to secure a bipartisan deal on legislation, the newspaper said, citing the people.

The only reason to seek a bipartisan deal is because that way, nobody needs that untrustworthy old scumbag Lieberman in order to pass a bill. But the sad truth of the matter for the last century has been that the Republicans will line up, in lock-step, to protect the interests of the banks and to screw over working Americans. It was true in 1929, it was true when the Regan Administration deregulated the savings-and-loan industry (resulting in a massive wave of bank failures) and it has been true over the last decade (de-regulating the banks, refusal to regulate derivatives and mortgages), resulting in the worst economic downturn since the Depression.

In that regard, Dodd has been a virtual member of the Republican party. He, like all of the Republicans and a disgusting number of Democrats, was a supporter of the 2005 bankruptcy "reform" bill, which was a giant reach-around to the banks by the Congress. When it comes to looking out for the interests of the middle class, the working class and the poor, Dodd has consistently come down on the side of the banks and Wall Street. In no small degree, part of the responsibility for the looting of the economy by the financiers and the current recession can be laid at Dodd's feet.

He is a weasel. He won't be missed by Americans who were not already in George W. Bush's base (those who made over $300,000 a year).