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Can Chris Dodd Recover From The AIG Disaster?

Chris Dodd appears to be one of the first casualties of the AIG bonus disaster. According to the Boston Globe, Dodd is currently being outpolled by three relatively unknown Republicans in his home state of Conneticut. As one of the primary designers of the original bank bailout legislation, Dodd has been very publically tied to AIG.

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Might Congress Actually Do Something Productive?

We don’t want to jinx it, but it seems like a possibility. That’s because Congresswoman Carolyn Maloney has introduced legislation that would require banks to notify their customers that they were about to overdraw their account, giving them the option to cancel the transaction rather than incur a $30+ fee.

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“Dear AIG: I Quit”

This is exactly what we were afraid of during AIG Populist Rage Week. Frustrated citizens expressed their outrage over the AIG bonuses without knowing details. Worse, elected officials piled on. One senator even suggested that AIG executives should “follow the Japanese example” and “commit suicide.” AIG employees received death threats, including a letter that read “All the executives and their families should be executed with piano wire around their necks.”

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