Connecticut Senator Christopher Dodd, beneficiary of nepotism (his father was a beloved Senator from Connecticut), sweetheart mortgage deals, and the number one beneficiary of Wall Street donations –at least until Barack Obama came along-turns around and bites the hands that have fed him so well over the years. All for political gain. Yet his moves to punish, and treat in a child-like way, high quality performers in the financial world will backfire and cause untold losses to our economy. Fortune magazine reports on Dodd’s stealthy last minute moves to slip onerous restrictions in the “stimulus” packag :  When Senator Chris Dodd, (D-Connecticut) crammed what he dubbed "tough new limits" on "lavish Wall Street bonuses" into the stimulus package, he may have created a bigger problem for the economy than the one he was trying to solve. The reason? His plan inadvertently rewards nonperformance and will drive talented financiers away from...(Read Full Post)