The Dodd v. Warren Soap Opera... 'Chris Dodd, Top Democrat, Fights Against Elizabeth Warren' /HuffPo

[WillyT]

Chris Dodd, Top Democrat, Fights Against Elizabeth Warren
Shahien Nasiripour
First Posted: 08-12-10 03:20 PM | Updated: 08-12-10 05:18 PM

Some involved in the legislative effort to get the bill through Congress point to Warren's aggressive advocacy on behalf of the new agency as a sore point between the two.

For months, Dodd tried to garner bipartisan support for the bill, trying to win the support of Sen. Richard Shelby, an Alabaman and the top Republican on the banking committee, and Sen. Bob Corker, a Tennessee Republican on the committee.

But every time word leaked that Dodd was potentially softening his position for a tough new consumer agency, Warren publicly pushed back.

In December, members of Dodd's staff met with consumer groups and told them to prepare backup plans in case an independent consumer agency didn't emerge from the process. What was the least they'd support, the consumer advocates were asked. Frantic e-mails and conference calls ensued as advocates worried that the agency -- a centerpiece of the legislation -- was in doubt.

In January, after the Wall Street Journal reported that Dodd was looking to scrap the idea of an independent agency, Warren penned a letter to supporters urging them to fight. "The next few weeks will determine whether our hard work will make a difference for families or whether families will lose once again," she wrote.

In March, after news reports indicated that Dodd was looking to place the new agency inside the Federal Reserve -- its ultimate location -- consumer advocates worried that the new regulator's independence would be in question. In an interview with the Huffington Post, Warren again made the fight one between banks and families, arguing that her "first choice is a strong consumer agency. My second choice is no agency at all and plenty of blood and teeth left on the floor."

A Dodd spokesman noted that the Connecticut Democrat was trying to pass the toughest legislation that would survive a Republican filibuster. Dodd also thinks very highly of Warren, the aide said, and met with her several times throughout the legislative process.

Other sources disputed the characterization.

"It's not a well-kept secret that they don't have a close relationship or confer with each other," one consumer advocate said. "Whenever Dodd locked himself in negotiations with the Republicans over the independence of the consumer agency, she led the charge in public to keep it intact and to preserve the president's agenda. I'm sure that ruffled some feathers."

Much more: http://www.huffingtonpost.com/2010/08/12/chris-dodd-top-democrat-f_n_680123.html

:shrug:

[DJ13]

1. Dodd's an ass

"For months, Dodd tried to garner bipartisan support for the bill, trying to win the support of Sen. Richard Shelby, an Alabaman and the top Republican on the banking committee, and Sen. Bob Corker, a Tennessee Republican on the committee."


For months, Dodd tried to water down the bill by sweet talking fellow bankster whores Sen. Richard Shelby, an Alabaman and the top Republican whore on the banking committee, and Sen. Bob Corker, a no nothing Tennessee Republican whore also on the committee to act as accomplices.

[ProfessionalLeftist]

2. Goldman Sachs ties (ie: FOA) that could be why. n/t

[WillyT]

4. Yep... Nice Legacy He's About To Leave...

Flushing years of Democratic work and good will down the drain for the shiny objects at the end of his career/life.

:puke:

[ibegurpard]

3. here's what I think

Dodd is retiring and he's got nothing to lose by fighting this.
He's doing at the administration's request so that they can come out and appear to fight for her and thus gain some credibility from the left.

[golddigger]

5. Wow! Checkmate!

[Poboy]

8. This is a plausible theory these days.

[WillyT]

6. Kick !!!

:kick:

[WillyT]

7. Last Kick From Me...

:kick:

[asdjrocky]

9. He's been called up to the majors.

Step aside boys, Dodd is going to the show.

[Phoebe Loosinhouse]

10. He's following the Billy Tauzin path to post Senate riches but in banking

going out in a blaze of corporate whoredom and not even trying to mask it.

[TheWebHead]

11. my guess is that Dodd is the diversion

outgoing senator, he plays the frontman to block Warren and when they pick someone else, fall back on opposition from Dodd and conclude she couldn't have been confirmed. It can't be a simple coincidence that the senator taking the lead in blocking her from being picked is on his way out, giving others that agree with him and the white house cover. Since Obama is already taking a lot of heat from the business community for being anti business, a woman who was featured in Michael Moore's anti capitalism movie probably isn't the best way to shake that impression.