Posts Tagged ‘Senator Christopher Dodd
Teamwork! Rep. Helps Dems Get Derivatives Regulation Package Out of Committee
In a kind of shocking move, a Republican actually did the Democrats a solid by voting “yea” on its Derivatives Regulation Package to move it out of the Senate Agriculture Committee (apparently the derivatives that aggravated the financial crisis were tied to certain farm commodities, which is why the proposal ended up in the Agricultural [...]
Loopholes in Dodd’s Legislation
Lobbyists on K Street have been going through Senate Banking Committee Chairman Chris Dodd’s nearly 1,400 page Wall Street reform bill with a fine tooth comb looking for loopholes. Not exactly light reading, but a necessary task for people whose very livelihoods (well, extra zeros on their pay checks) depend upon finding ways around the [...]
Soros on Volcker Rule: “I Back It”
Billionaire investor George Soros says maybe there might be something to the notion that the banking “oligopoly” formed by the four largest banks in the U.S. needs to be broken up. The so-called Volcker rule, named after Obama adviser and former Chairman of the Federal Reserve Paul Volcker, proposes, among other things, to limit the [...]
Dodd Vs. Hedge Funds et al.
On Monday, Sen. Chris Dodd proudly announced his new financial regulatory reform legislation, among other things, didn’t exempt auto dealers from new regulations like the House version did, according to the Huffington Post. In the summary of the bill, Dodd suggests that one of the primary benefits of his proposed legislation is that it Closes [...]
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