Senate Banking Chairman Chris Dodd appears to be holding onto the toilet rim to keep from being flushed down.

After insisting that he didn't OK the AIG bonuses and that the Obama administration was responsible, Dodd is furiously backpedaling, perhaps to no avail.

Check out John Cook's "Chris Dodd Is a Liar," on Gawker; Cook wraps it up well, including this morsel from what appears to be Dodd's tissue of lies:

It could very have been a double-team on behalf of AIG, because it looks as if Treasury Secretary Tim Geithner also had a role in OK'ing the bonuses. If so, then Geithner's stock will fall, except on the Intrade prediction market, where the betting may cause another spike on the proposition that Geithner will exit before June 30.