Little Green Footballs has posted some information that the mainstream media seems to have somehow missed. Chris Dodd's wife is a former director of an AIG-controlled company. According to the post:
"From 2001-2004, Jackie Clegg Dodd served as an "outside" director of IPC Holdings, Ltd., a Bermuda-based company controlled by AIG. IPC, which provides property casualty catastrophe insurance coverage, was formed in 1993 and currently has a market cap of $1.4 billion and trades on the NASDAQ under the ticker symbol IPCR. In 2001, in addition to a public offering of 15 million shares of stock that raised $380 million, IPC raised more than $109 million through a simultaneous private placement sale of 5.6 million shares of stock to AIG - giving AIG a 20% stake in IPC. (AIG sold its 13.397 million shares in IPC in August, 2006.)"
Chris Dodd has been one of the major recipients of campaign contributions from AIG, and now we find out that his wife also had connections to the company. How can we expect him to make any kind of objective decisions in matters that impact the company?
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