Dodd says Congress must address financial reform

[maddezmom]

Source: Reuters

Dodd says Congress must address financial reform
WASHINGTON, March 16 (Reuters) - U.S. Senate Banking Committee Chairman Christopher Dodd said on Tuesday that Congress should not adjourn for its two-week Easter recess on March 26 without addressing financial reform.

A day after unveiling his long-awaited reform legislation, the Connecticut Democrat told MSNBC that public demand for new Wall Street regulation was too strong to risk waiting longer in a congressional election year.

"We really can't allow this Congress to adjourn without addressing these basic issues," Dodd said in an interview.

Dodd's bill has been criticized by Republicans who oppose new regulation for the U.S. financial sector as well as by some Democrats who say his measure does not go far enough to safeguard the public following the worst financial crisis in generations and the deepest recession since the 1930s.

He wants his banking panel to examine the measure quickly and pass it on to the Senate floor, where Democrats would need 60 votes to overcome procedural roadblocks that are sure to be thrown up by Republicans. The Democrats control 59 of the 100 Senate seats.


Read more: http://www.reuters.com/article/idUSN1622429420100316

[seabeckind]

1. So where is the correction to errors made?

Repeal of Gramm? Reinstatement of Glass-Steagal?

Return of anti-trust?

How about he quit blowing smoke up our ass?

[seabeckind]

2. After my knee-jerk

I read the article...now I'm even more pissed. So the measure of whether you're doing the proper thing is when:

'"We're on the right track here if we're being badgered by both sides," Dodd said. "We think we're on the right track and the public really wants us to address these issues and they deserve an answer."'

What? He just get back from lunch at the WH?

[WatchWhatISay]

3. Sounds like this "solution" is going to suck just as much as the

one for health care reform.

The ultimate insult, to me, is how, since they can't get the Republicans to play along so that they can blame them for the awful "compromises" in the bill, they expect us to fall for the explanation that even though the Republicans won't vote for the bill, they have put concessions in the bill that they are calling Republican ideas. Who's kidding who, these are the Democrats concessions to the powerful lobbies.

[Luciferous]

10. +1000 I get scared now whenever I hear a Democrat utter the word "reform"

[SlingBlade]

4. He say's as he offers us a plate of steaming corporate bullshit !

[dixiegrrrrl]

5. Judging from the comments so far here,

I'd say folks have Dodd all figured out.

Gee, he sure sounds like he wants to get a lot done before he waltzes off to his post Congress gig.

Wither thy motivation to get things done all of a sudden, ole Friend Of Angelo's?

edit: sp.

[defendandprotect]

7. Evidently Dodd has been busy watering down the legislation -- !!!

Eyes on a new lobbying job?

[defendandprotect]

6. Re-regulate capitalism -- Glass Steagall . . or dumpt it . . .

[troubledamerican]

9. + 1. It's the obvious answer. Why Dems are so chickensh*t to say it out loud?

http://www.gather.com/viewArticle.action?articleId=281474978038586

WTO agreements signed by Clinton in 1999 forbid restoration of Glass-Steagall, that's why.

[SlingBlade]

8. He also say's, "we don't want to 'punish' Wall Street"

And proves it with this Bill.