Wednesday, November 11, 2009

Dodd is just angling for a better mortgage deal than he got from Countrywide.

Yeah, this ought to fix things. Just like Sarbanes-Oxley did:

"Senate Democrats on Tuesday proposed stripping the Federal Reserve of its supervisory powers and creating instead three new federal agencies to police banks, protect consumers and dismantle failing institutions.

"The 1,136-page bill, released by Senate Banking Committee Chairman Chris Dodd, would represent a significant shift in power in federal oversight of the U.S. market."

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