April 16, 2010Dodd Bill Institutionalizes Too Big to Fail
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 AP Photo One thing can be said about the current debate over the administration’s financial regulation plan, or at least Senator Chris Dodd’s version: the debate has sharpened the issues so that Dodd, the Democrats, and the administration can no longer hide behind slogans. If the administration thought that the bill could be passed simply because the American people resent Wall Street and the big banks, they may have guessed wrong. Senate Minority Leader Mitch McConnell has called them on this, and pointed out that the Dodd bill has some troubling provisions. This required Dodd, in a speech yesterday, to defend the provisions of the bill. The fact that he did it with misinformation is really a step forward, considering where the administration and he have been for the ... Related Topics: economy, Chris Dodd, financial reform RECOMMENDED ARTICLES
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