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Dodd Unveils Financial Regulation Plan
Connecticut Democrat Christopher Dodd unveiled a bill Monday to tame financial markets.
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WASHINGTON (March 15, 2010)—Sen. Christopher Dodd, D-Conn., unveiled a bill Monday that would give the government new powers to break up firms that threaten the economy and would force the industry to pay for its failures.
The legislation unveiled Monday by the Senate Banking Committee chairman falls short of the ambitious restructuring of federal financial regulations envisioned by President Barack Obama or contained in legislation already passed in the House, but the bill would still be the biggest overhaul of regulations since the New Deal.
It comes 18 months after Wall Street's failures helped plunge the nation into a deep recession.
The Connecticut Democrat unveiled the bill Monday at a Capitol Hill news conference.
Latest Comments
Posted by: Anonymous
Location: CenTex
on Mar 17, 2010 at 09:50 AM
Why should I believe Dodd now? He certainly did not do anything about preventing the sub prime fiasco. Countrywide gave him a favorable loan, don't forget.
Posted by: Minuteman
Location: Temple, TX
on Mar 15, 2010 at 10:21 PM
Obama is driving the USA right to Communism, via Socialism. I can't wait to hear all of you Obama supporters squeal with anger when Obama trashes every one of your rights. I know all of you think he will treat you differently because you supported him, but get ready for your "change"! Watching every Obama supporter cry with rage should be the newest reality show on TV!
Posted by: Texan
Location: Texas
on Mar 15, 2010 at 08:53 PM
I really believe they have actually trashed our Constitution. I don't think anything our government is doing,Health Care,Taking over Banks,Auto companies,Cap and Trade,ect..Nothing is CONSTITUTIONAL!!!!! Overhaul of our government, No More Independently Wealthy Career Politicians.
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