Cheat Sheet
The Best In Brief
THANK YOU
Your feedback has been sent!
Dodd's Plan to Fix the Banks
Win McNamee / Getty Images
Senator Chris Dodd has often been charged with being too cozy with the banks. How’s this for compensation? According to The Wall Street Journal, Dodd is proposing a financial-regulation bill that would strip the Federal Reserve’s and the FDIC’s regulatory powers and vest them in a new agency, which would supervise all banks and bank-holding companies. He would also create a council of regulators to monitor systemic risks. The Journal calls the plan “an extreme position” that is “likely to face major resistance.” A final agreement on the bill is months away.
COPYRIGHT © 2008-09 RTST, INC. ALL RIGHTS RESERVED.
Partner Sites: Expedia| Hotels| Hotwire| Urbanspoon| Vimeo
Dodd can "plan" anything he wants; he's not going to get it. Isn't he as crooked as they come? And isn't he under suspicion for some shady dealings with Countrywide. I think Dodd needs to have his head checked as well as anyone in government who thinks this is a good idea.
Dodd's plan? you mean he's going to resign in disgrace? will he also give up the $1 million/yr Senate pension too? I want him to have the kind of healthcare the Dems are trying to give the rest of us! Dodd will always be a 'Friend of Mozillo' in my book.
why not let Bernie Madoff out to help him. Dodd need to go to jail.
Given Dodd's history of taking sweetheart loans from banks and using his connections to get special low rates on his mortgages and his failure to oversee the banks as head as the Senate banking committee, he has no credibility as a "reformer." Dodd is nothing more then a shill for the big banks------
Plantagenet you said it all....Dodd has been a shill for the big banks as chair of the Banking Committee....Mozillo discounted Dodd's interest rate, fees, closings cost and rapid processing of his loan applications for a reason....one phone call did it all.
It would be better if he turned himself in and confessed his guilt. Better yet go out in his garage and hang himself. Just kidding.
Chris Dodd is a thief, he should be in jail, not in a position to screw Americans out of more money. People of Connecticut, we are counting on you to clean up your mistake and make it right!
Dodd is just a thorn on the rose. WE THE PEOPLE need to band together to stop the money madness. We can't fix everything, solve everyones problems and give everyone a fish when no on is doing the fishing anymore. And God knows that we can't put one unelected appointed person in charge of the nations money. Come on, are they all mad?
We have got to stop and think things through. We can't chastise Republicans or Democrats as a group, we have to recognize that WE THE PEOPLE have tolerated mediocrity for too long, and we do that with hour wallets.
In other words, stop money going into Washington until they learn to spend it more wisely.
You want to control government, give them less money through less taxes, then they can't spend it on things that are foolish.
You want to save the world? Donate time and money to your causes, it is more direct, more honest, and doesn't place your causes on the backs of the rest of us. Smaller, more efficient government is what we should have, not some bloated mini kingdom within a bureacracy that is accountable to no one.
I'll drink to that!
Amen brother!
FIX.......HA HA HA HA HA, after he has loaded his pockets, living on Eeesy street and set for the rest of his life.
Ya, that's like putting the FOX in the HENHOUSE.
All the big banks need to be smashed into little way less powerful banks , and all the "best and brightest" (ha ha) CEO's that they claim they have need to stand in an unemployment line for a few days. Another blog on the greedy bankers is at. http://newsy1.wordpress.com
Dodd, just sit back, don't screw up anything else and just wait until the good folks from CT put you into retirement next year
Of course there will be strong opposition to Dodd's plan, or any plan that might regulate the big banks and bankers. Do you think that Goldman Sachs and their compatriot bankers want anyone restricting their ability to plunge this country into economic chaos while vastly enriching themselves?
hey newsy1,
are proposing any lawful means to smash big banks into little ones, after all, your own 401k probably owns shares in those banks and shares happen to be private property, and private property happens to be protected from seizure without due process
so, pray tell
what specifically do you have in mind ?
Give us Glass-Steagall back!
Any thing less would would be wasting 100 years of financial experience.
http://www.pbs.org/wgbh/pages/frontline/shows/wallstreet/weill/demise.ht ml
There is a space in.... html... ditch the space and the link will work
The only times politicians do their jobs is when they are desperate.
Go, Dodds, go ... fix the Goldman Sachs of this world.
Thank you.
As a first time user, your comment has been submitted for review. It can take anywhere from a few hours to a day or two for your comment to be reviewed, depending on the time of week and the volume of comments we receive.
Please log in to leave comments.