Chris Dodd, Top Democrat, Fights Against Elizabeth Warren

[G_j]

http://www.commondreams.org/headline/2010/08/12-11

Published on Thursday, August 12, 2010 by Huffington Post

Chris Dodd, Top Democrat, Fights Against Elizabeth Warren

by Shahien Nasiripour

Despite the outpouring of support for bailout watchdog Elizabeth Warren's candidacy to lead a new consumer protection agency, one prominent Democrat continues to publicly stand in her way: Senate Banking Committee Chairman Christopher Dodd.

The Connecticut Democrat, who has lambasted lenders for taking advantage of cash-strapped borrowers and bank regulators for their poor record in protecting consumers, led the effort to get the recently-enacted financial reform law through Congress. The agency it calls for -- a unit specifically charged with protecting borrowers from predatory lenders -- survived attacks by the financial services industry and Republicans. It's now hailed as one of the Obama administration's top achievements.

But now that the fight has shifted from the creation of the agency to who's going to lead it, Dodd's role seems to have reversed, say some financial reform advocates -- rather than fighting for the toughest possible advocate to fight for consumers and families, he's openly doubting the wisdom of that selection. And it's not clear whether the two have even had a meeting in the last year.

Elizabeth Warren, a Harvard Law professor with an expertise in bankruptcy and consumer finances, came up with the idea for the agency in a 2007 article. Courted by Congressional Democrats and the White House, she's served as the public face of the campaign to get the idea enacted into law. And since the fall of 2008 she's led the Congressional Oversight Panel, a watchdog agency keeping tabs on the government's massive bailout of the financial and auto industries.

..more..

[dixiegrrrrl]

1. Hope he enjoys his quisling payoff.

[whistler162]

27. Here you need a good one for that knee you just dislocated

http://www.consumersresearchcncl.org/Healthcare/Orthopedists/top_orthopedists.html


pass the link around. It is obviously needed by others!

[xultar]

2. Where is every body. Omg. I wanna chat and everyone is sleeping wake the fuck up

You guys are so fucking boring tonight I have no one to talk to where is du

[havocmom]

4. might be wise to drinks some water. LOTS of water

You will thank me in the morning.

[G_j]

7. need?

:boring:>>>>>>>:donut:

[napi21]

9. I'm still awake! Dear old Chris is protecting his new job

i a bank board somewhere, or some senior executive, WELL PAID, financial job somewhere! All he has to do is tell them he fought as hard as he could for them, and (hopefully) he lost!

[saltpoint]

3. Just my take, Chris, but you're on the way out.

Let a good woman in to do the job that's needed.

[havocmom]

6. have always trusted Dodd

as far as I could throw him

[saltpoint]

11. For me it's a question of the end of an era and

a chance for Warren to launch a new era.

More pro-Warren than anything else.

There is a bedrock integrity to her, and it's my hope that Obama sensed the same thing during their discussion today at the White House.

I want people like her overseeing federal policy.

Nice to see you tonight, havocmom. I hope your summer has been a very good one.

:hi:

[havocmom]

13. OT: Thanks

been OK. We have not had such horrible heat as other places and I have carved out some time to pamper my old broken body.

[saltpoint]

14. Well, good. You hang in there.

All good vibes.

[Catherina]

5. A close look at Dodd's presidential donor list and countrywide scandal

as a "friends of Angelo" clears this one right up.

Dodd's protected payday lenders and scuttled efforts to cap the interest rate at 36%.


http://blogs.alternet.org/speakeasy/2010/05/19/chris-dodd-phil-gramm-and-the-legacy-of-a-statesman/

This is no surprise.

[havocmom]

10. Yep. Dodd doing $$ reform = Baucus doing HRC

Some DEM pols screw just as many of us as any GOP pol you care to name.

[name not needed]

8. I hope the Ethics Committee goes after him next.

[G_j]

12. well, he would deserve it

nt

[30rock]

15. I wonder if he's training to be a bank lobbyist n/t

[Supply Side Jesus]

16. Don't worry Dodd

I'm sure you'll have your cushy seat on K Street regardless

[pleah]

17. Dodd proves his is a corporate whore. Enough said. n/t

[ThomWV]

21. Dodd may be a Corporate Whore, but Obama pays close attention to Corporate Whores

[pleah]

24. To our dismay, yes. :( n/t

[notadmblnd]

18. I guess chris Dodd 's real job is working for the banks

:shrug:

[laughingliberal]

19. I think that's clear:

<snip> Since his last Senate election in 2004, Dodd has raised about $28.3 million, according to an analysis of federal campaign records by the nonpartisan, Washington-based Center for Responsive Politics. About $13 million of that, or 46 percent, has come from the financial services and real estate industries. That's nearly four times as much as any other individual sector has given to Dodd.

As the chairman of the banking committee and a senator from a state that houses Wall Streeters and big insurance companies, Dodd has long been associated with the financial services industry.

During his time on the committee, it rarely exercised the kind of tough congressional oversight that federal agencies fear. Beginning in 2007 under Dodd's chairmanship, the committee began to hold hearings on abusive lending and the mounting subprime crisis. By then, it was too late. <snip>

http://www.huffingtonpost.com/2010/08/12/chris-dodd-top-democrat-f_n_680123.html

[G_j]

25. says it all,

$13 million of that, or 46 percent, has come from the financial services and real estate industries. That's nearly four times as much as any other individual sector has given to Dodd.

[JoeyT]

20. Cue someone complaining that unless we have ten different kinds of video evidence,

a message written on the sky, and the testimony of Buddha, Jesus, and Mohammed, then it's just a baseless rumor.
Just like all the other baseless rumors that were proven wrong later.
I'm sure they'll go ahead and list those for us, since I can't think of any.

If someone manages to get all that together and prove it was true, they'll attack the messenger.

[TheKentuckian]

22. Until we have the guts to weed out all of these crooks with extreme prejudice

we are going to be throughly fucked. Our crooks being arguably not as bad as the nut jobs isn't going to lead to even acceptable outcomes.

[BurtWorm]

23. CT, what is it with you and the assholes you elect to the Senate?

:wtf:

Can't you do something about this jerk?

[amborin]

26. knr

[deminks]

28. Chris, I think you are supposed to wait until after you leave to lobby for the Banks

Oh, wait...

[Arkana]

29. Boy, Dodd is tone-deaf.

I'm really glad he's quitting the Senate.

[Raineyb]

30. He's looking for a new job. And this is his admission ticket to the big time. n/t