Dodd reacts to financial crisis (Dems prepare a hurricane of lies)

WASHINGTON -- Senate Banking Committee Chairman Chris Dodd was spitting nails Tuesday at the Bush administration, blaming its deregulatory philosophy for fostering abuses that have put financial markets in crisis. "It's important to note that these events that we talked about are not natural disasters. They happened, in my view, because of mismanagement and deregulation that occurred on basically an eight-year-old coffee break by the administration," Dodd said during a press conference in the U.S. Capitol. The Connecticut senator briefed reporters Tuesday on what steps he is taking to address what he described as a deepening economic crisis that at...

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