Trying to fix the broken U.S. financial system is no way to win a popularity contest. Standing by himself, Christopher Dodd, chairman of the Senate Banking Committee, on Monday announced his second attempt to plug loopholes in financial regulation and find ways to prevent a repeat of the crisis that overtook Wall Street in late 2008. His first attempt was declared dead on arrival last fall by his Senate colleagues.http://www.usatoday.com/money/companies/regulation/2010-03-15-financial-reform-cover_N.htm
Dodd is not running for reelection because of his involvement in various corruption scandals, insider deals and questionable transactions, including a fishy vacation home in Ireland and a discounted home mortgage loan from a failed lender he regulated.
The fact that he is still chair of the senate banking committee is an embarrassment.
Why is a corrupt man the person to trust to reform a corrupt financial system from which he personally profited?
No comments:
Post a Comment