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Wednesday, November 11, 2009

Dodd Unveils Financial Regulatory Overhaul

“The chairman of the Senate banking committee proposed a financial overhaul on Tuesday that included consolidating bank regulators, creating a consumer financial protection agency and imposing new restraints on exotic financial instruments and credit rating agencies. The 1,136-page plan by Senator Christopher J. Dodd, a Connecticut Democrat, differs in major respects from both the White House and House plans.” (New York Times, Wednesday)

Yes, that Dodd. The champion of Fannie and Freddie who helped produce the financial crisis.

FEE Timely Classic
“Too Big to Succeed” by Less Antman

  • Sheldon Richman is the former editor of The Freeman and a contributor to The Concise Encyclopedia of Economics. He is the author of Separating School and State: How to Liberate America's Families and thousands of articles.