AIG to Execs: Donate to Dodd

This little bomb of a story appeared today, first in the Washington Times and then in many other places.

As Democrats prepared to take control of Congress after the 2006 elections, a top boss at the insurance giant American International Group Inc. told colleagues that Sen. Christopher J. Dodd was seeking re-election donations and he implored company executives and their spouses to give.
 
The message in the Nov. 17, 2006, e-mail from Joseph Cassano, AIG Financial Products chief executive, was unmistakable: Mr. Dodd was “next in line” to be chairman of the Senate Banking, Housing and Urban Affairs Committee, which oversees the insurance industry, and he would “have the opportunity to set the committee’s agenda on issues critical to the financial services industry.

And give they did! Dodd received $160,000 or so in donations from AIG executives and their spouses, money which he later used to start up his quixotic presidential run. That much money buys a lot of “Dodd for President” stickers.

Here’s the email.

This isn’t illegal, though, as the article points out, “asking” employees to give can often be construed as an order. But, given AIG’s troubles, and Dodd’s role in those troubles, this will be just one more thing that won’t sit well with voters in November of 2010.

Dodd has said he’ll donate any and all contributions from AIG (and other beneficiaries of TARP) to charity.

Source
Haberkorn, Jennifer and Jerry Seper. “EXCLUSIVE: AIG chiefs pressed to donate to Dodd.” Washington Times 30 March, 2009.

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12 responses to “AIG to Execs: Donate to Dodd

  1. Holy crap!!!

    $160k raised from one office location — yet he didn’t know.

    Chris must think we are all putzes… How does that kind of money come in without being noticed?

    And what is it with dirty politicians who think by ‘donating’ the money to charity all is forgiven? He oughta donate it to a Wilton based charity since the money came from that community — and don’t tell me an email from your employer isn’t strong-arming.

    As Democrats prepared to take control of Congress after the 2006 elections, a top boss at the insurance giant American International Group Inc. told colleagues that Sen. Christopher J. Dodd was seeking re-election donations and he implored company executives and their spouses to give. The message in the Nov. 17, 2006, e-mail from Joseph Cassano, AIG Financial Products chief executive, was unmistakable: Mr. Dodd was “next in line” to be chairman of the Senate Banking, Housing and Urban Affairs Committee, which oversees the insurance industry, and he would “have the opportunity to set the committee’s agenda on issues critical to the financial services industry.

    He certainly did ‘set the agenda,’ didn’t he? And they got their monies worth.

    I wonder if he will ‘donate to charity’ the money Jackie collected from AIG.

    He is toast.

  2. Sound of crickets, Pooper?

  3. AndersonScooper

    D.C. Business-as-usual.

    Fortunately your side is presenting such a wonderful array of options:
    A) The Fuddy-Duddy.
    B) Caligula, who is set to eat his own party, and of course
    C) The Bush Pioneer who failed in Iraq after only seven months.

  4. Cricket. Cricket.

    D.C. Business-as-usual.

    So you agree Dodd is a bottomfeeding scumbag?

  5. Ichabod Crane

    Will Gabe be commenting on how these “individual contributions” (wink wink nod nod) are clean simply by the fact that they came from people and not some formally organized PAC?

  6. AndersonScooper

    Hello! In 2006 Simmons took more money from PAC’s than from individuals. But I’m sure all that $$$ was no strings attached.

    At least a goodly % of Dems are for public financing.

    Yet you ‘wingers are for the status quo, or even a step backwards from that.

  7. Political fundraising is a swamp. At least democrats in Connecticut are strong proponents of public financing. What exactly have Republicans proposed, save snipe from the sidelines while taking long gulps from the same tainted trough?

  8. I’m wondering when Dodd will get the call from Obama about that Ambassadorship in Ireland. Problem for Dodd is that it appears the Rowland-style slowbleed is here… and Dodd refuses to acknowledge it.

    I see a Senator Murphy and Congressman Caligiuri in the near future…

  9. Weicker Liker

    Tim….

    President Obama just nominated Pittsburgh Steelers Owner Dan Rooney as Ambassador To Ireland. So thats out, for now.

  10. Bottom line… Obama wants to dispose of all toxic assets before the next election.

  11. So who will primary Dodd? I nominate Bill Dyson, he’s clean as a whistle and a prince of a guy.

  12. How about Dodd for Ambassador to Iowa?

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