Dodd Announces Extreme Finance Changes In Re-election Bid

This is so wrong. Dodd is now playing politics with new financial regulation guidelines. The devilish details aren't in the release but there's a preview in a previous WSJ item. Guess who would dictate the rules governing our entire financial system, up to and including dismantling a large bank or financial institution if it deemed it presented a risk to the economy? Can you say White House czar? I thought that you could.

Because of all the hits he's been taking on his cozy banking relationships, Dodd is going to the other extreme to portray himself as a populist. We'd go from four different oversight institutions to one guy appointed by Obama in the end. Playing politics with critical legislation is a slimy move that can never be good for America in the end. But what else should one expect from corruptocrat Chris Dodd at this point?

Dodd's plan, which would scale back the powers of the Federal Reserve, differs slightly from proposals by the Obama administration and by House Democrats. Dodd also would establish a single federal regulator for banks.

Comments

[hrh40]

Don't worry, Riehl, we've got a well-organized and passionate Dump Dodd movement going here in CT: www.dumpchrisdodd.com.

He's raising WAY more $$ outside of CT than inside ...

[CHRI$ DODD]

Can I get a WAITRESS SANDWICH, please?