March 18th, 2009
05:56 PM ET
11 years ago

BREAKING: I was responsible for bonus loophole, says Dodd

Sen. Dodd told CNN Wednesday that officials in the Treasury Department asked him to add the bonus loophole to the stimulus bill before it was passed.

Sen. Dodd told CNN Wednesday that officials in the Treasury Department asked him to add the bonus loophole to the stimulus bill before it was passed.

WASHINGTON (CNN) - Senate Banking committee Chairman Christopher Dodd told CNN’s Dana Bash and Wolf Blitzer Wednesday that he was responsible for adding the bonus loophole into the stimulus package that permitted AIG and other companies that received bailout funds to pay bonuses.

Watch: I'm responsible for bonus loophole, Dodd says

On Tuesday, Dodd denied to CNN that he had anything to do with the adding of that provision.

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Filed under: AIG • Chris Dodd • Popular Posts
soundoff (6 Responses)
  1. SS

    Accountability is good.

    March 18, 2009 05:57 pm at 5:57 pm |
  2. No Hillary = No Obama

    Where are the checks and balances on the chairman of committees? You mean to tell me one person has this much power, no oversight, no discussion, no nothing. No wonder this country is in the mess it's in.

    March 18, 2009 05:58 pm at 5:58 pm |
  3. Brian

    Putting in his two weeks' notice a few months early.

    March 18, 2009 05:58 pm at 5:58 pm |
  4. no corporate politics

    Obama and all of Congress knew about this ahead of time. Don't be a scapegoat for Obama, even if he shares some of the AIG lobby money with you. (just calling it what it is)

    March 18, 2009 05:59 pm at 5:59 pm |
  5. liz

    He admitted it...but Geinther knew it too. Both should apologize to the American people and Geinther should resign...

    March 18, 2009 05:59 pm at 5:59 pm |
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