A moderately serious conflict of interest here, one fairly untouched by the media.  Chris Dodd who has taken more in campaign donations from AIG than any other Congressman also has a slightly more personal connection:

Dodd’s Wife a Former Director of Bermuda-Based IPC Holdings, an AIG Controlled Company

No wonder Senator Christopher Dodd (D-Conn) went wobbly last week when asked about his February amendment ratifying hundreds of millions of dollars in bonuses to executives at insurance giant AIG. Dodd has been one of the company’s favorite recipients of campaign contributions. But it turns out that Senator Dodd’s wife has also benefited from past connections to AIG as well.

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.)

Nothing here is necessarily improper or even grossly unethical.

But on the other hand, if Obama meant what he said about transparency, then this should have been disclosed.

But we all know the real answer to that.  Democrats only care about transparency when it is about Republicans.

Trackposted to Nuke’s, Blog @ MoreWhat.com, Rosemary’s Thoughts, third world county, Faultline USA, Woman Honor Thyself, The World According to Carl, Colorado Sports Desk, The Pink Flamingo, Democrat=Socialist, Conservative Cat, Right Voices, Stageleft, and Highly Opinionated, thanks to Linkfest Haven Deluxe.