Dodd, a Democrat, told CNN’s Dana Bash and Wolf Blitzer that Obama administration officials pushed for the language to an amendment designed to limit bonuses and “golden parachutes” at those companies.
“The administration had expressed reservations,” Dodd said. “They asked for modifications. The alternative was losing the amendment entirely.”
The administration, according to Dodd, was concerned that they would face numerous lawsuits if the language protecting those bonuses wasn’t added.
Originally Dodd had said he didn’t know how the language protecting bonuses was added.