To: S. maltophilia who wrote (123837 ) 7/21/2010 7:42:46 PM From: longnshort 2 Recommendations Respond to of 132070 "Corruption Watch: First Dodd, Now His Wife? We all know about Chris Countrywide Dodd and his mortgage scheme. Now it appears as though his wife may have used her influence to help put taxpayers potentially on the hook in a big way. The new FinReg bill provides clearinghouses like CME access to preferred deals through the Federal Reserve. A provision in the legislation allows clearinghouses that may pose risks to the broader marketplace to access some of the Federal Reserve's loans, including the discount window. The measure would let clearinghouses overseen by federal market regulators, such as the Options Clearing Corp. and CME Group Inc.'s (CME) clearing venture, potentially tap discount window funds without registering as bank holding companies or being primarily regulated by the Fed. "This is the classic moral hazard dilemma," said former Minneapolis Federal Reserve Bank President Gary Stern. "My preference would be not to cover them explicitly," he added. "I think you'll get better private sector preparation." Via same link as above, guess who's on the CME board, though listed by Clegg, not Dodd? Hmm. Maybe that's what they pay her six figures for? When the CME has Chris Dodd's wife on the board of directors at ($153,000 a year) you can see why the CME website refers to her as just Ms. Jackie Clegg. What better way for Chris Dodd to help his own bank account than give the CME a line of credit from the Fed? Chris Dodd's wife is the $153,000 a year campaign contribution known as an "investment" in a politician. Is the Republican party a laughable joke for not bringing this up before the bill got passed?"riehlworldview.com