Topic: Christopher Dodd

The FDIC is reportedly seeking more funds to guarantee bank deposits, with Senator Christopher Dodd moving to allow the Treasury to lend the corporation $500 billion. Meanwhile, European banks face an estimated $2 trillion in debt. The AIG bailout is described as a mechanism for funneling American tax dollars to these European "counterparties" without public disclosure.

President Obama announced a plan to halve the annual national deficit within four years. Meanwhile, comments from Senator Christopher Dodd regarding the potential nationalization of banks caused a temporary stock market sell-off. The hosts also mock the choice of Earth, Wind & Fire as entertainment for a White House governors' dinner.

Adam Curry expresses anger over the prospect of a Democratic-controlled government, specifically criticizing figures like Barney Frank, Nancy Pelosi, and Chris Dodd. He argues that the United States is moving toward a socialist model that makes running small to medium-sized businesses impossible due to increased taxation and regulatory burdens. Curry claims that small businesses, which create the majority of jobs, will be "screwed" to provide handouts for others.

A provision slipped into Senator Christopher Dodd's 630-page housing bill requires eBay, Amazon, Google, and credit card companies to report all electronic transactions to the federal government. This "unreported news" item has significant privacy implications for small businesses and individual consumers. The rider was reportedly added by bill managers without floor debate.