Innovation Update

Dodd's Political Stock Tumbles In Connecticut

Stock quotes in this article: AIG , CFC  

Dodd was guarded Thursday when asked about Geithner.

"This is obviously a matter that obviously should have been dealt with differently, but we are where we are," he said.

Republicans branded Dodd's reversal "astonishing and alarming" and fingered Dodd as the top recipient of campaign cash from AIG employees over the years.

The GOP is slamming Dodd, claiming he is cozying up to Wall Street insiders, raking in bundles of their campaign cash, shirking his banking panel duties and running for president as the economic crisis erupted in 2007.

He's also under investigation by a Senate ethics panel for mortgages he got from Countrywide Financial Corp., the big lending company at the center of the mortgage crisis.

Dodd struck a defiant tone in his home state Friday, telling a Connecticut audience that he's more concerned about fixing the nation's ailing economy than saving his own job.

Voters are sick and tired of the torrent of negative politics, he said.

"I'm going to do my job," Dodd said. "Politics will take care of itself, one way or the other in the final analysis. And I'll either once again earn the respect and confidence of the people of this state, or I won't."

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