Magic Man Chris Dodd Moves On From Mortgage Crisis to Overseeing Movie Industry’s Worst Ticket Sales in 16 Years
Chris Dodd, he’s got that magic touch.
Former Senator Chris Dodd (D-Conn.) is known for his contribution to the 2008 mortgage crisis. The former head of the powerful banking committee in the Senate, consistently resisted attempts by the Bush Administration to closely regulate Fannie Mae and Freddie Mac. Dodd also got preferential treatment from Countrywide on two mortgages. Christopher Dodd received thousands of dollars in contributions from Fannie Mae and Freddie Mac over the years.
Well, no need to feel sorry for this scandal-plagued politician, the former Senator Dodd moved on to greener pastures. After the 2010 elections Chris Dodd quickly landed on his feet by becoming chairman and CEO of the Motion Picture Association of America. And, he brought that magic touch with him. The movie industry sold 1.28 billion tickets in North America in 2011, according to Hollywood.com, the lowest since 1995