Monday, March 15, 2010

Useless Regulation: Dodd Bill "Empowers" Fed To Do Nothing

In what amounts to a dog and pony show without dogs and without ponies, Dodd Bill Empowers Regulators to Limit Size of Financial Firms. http://www.bloomberg.com/apps/news?pid= ... 1ty4&pos=1

U.S. Senator Christopher Dodd, the Connecticut Democrat who chairs the Senate Banking Committee, speaks about overhauling U.S. financial regulation. Dodd, speaking at a news conference in Washington, unveiled a plan to overhaul financial rules and empower the Federal Reserve to break up large firms that pose a “grave threatâ€