The senior senator from Connecticut is about to profit from the nation’s financial crisis. Christopher Dodd, recipient of a sweetheart mortgage deal from Countrywide, opponent of tighter restrictions on Fannie Mae and Freddie Mac, and recipient of more from said companies than any other senator, will write a book on the beginnings of the current recession.
Crown senior editor Sean Desmond has acquired a history of the congressional bailout of the financial markets by Sen. Christopher J. Dodd with Lary Bloom. Titled Thirteen Days: How the Financial Crisis Changed the Politics of Washington, the book will provide an intimate look at how, over the course of 13 days last September, a financial crisis led to panic and meltdown. Dodd, the chair of the Senate banking committee, will also describe how he and others acted swiftly to try to save the American economy.
Will Senator Dodd talk about how he worked to help cause the very crisis he’s alleging he tried to save? Will he talk about the special deals he got from Angelo Mozilo, chairman of Countrywide, under the “Friends of Angelo” program? Will Dodd talk about his push to make Fannie and Freddie’s roles more prominent? Or his defense of both against tighter regulation when President Bush wanted to crack-down?
No, of course not. He’ll try to portray himself as a hero amongst heroes; a superman who rushed in to save the American economic system. And I’ll be shocked if the same book doesn’t try to portray Bush as the source of the recession.


by Stephan Tawney on February 12, 2009