Whereas the Occupy Wall Street protesters have called for the imprisonment of Wall Street bankers, former House Speaker Newt Gingrich suggested that Sen. Chris Dodd, D-Conn., and Rep. Barney Frank, D-Mass., might be more deserving of a prison term.
Legislative immunity aside, Gingrich suggested that the first prison terms should go to Dodd and Frank. When pressed by the moderator, Gingrich doubled down on the hot-button comment by reminding the audience of the legistators’ mortgage company scandals.
Dodd caught heat for pushing mortgage company bailouts “the very day he finally admitted knowing that Countrywide Financial regarded him as a “special” customer,” according to the Wall Street Journal. Frank was “accused of [a] Fannie Mae conflict of interest” because he had a romantic relationship with Herb Moses, a top executive at Fannie Mae.
