The Hill: Senate Banking Chairman Dodd To Go It Alone on Financial Overhaul

[flpoljunkie]

By Silla Brush

03/11/10

Dodd and Sen. Bob Corker (R-Tenn.) have spent weeks trying to hammer out an agreement on financial regulations, including new consumer protections for financial products.

"We have made significant progress and resolved a many of the items, but a few outstanding issues remain," Dodd said in a statement.

Dodd said that he continues to pursue a bipartisan "consensus" package, but he believes pushing forward to committee debate is "the best course of action to achieve that end."

Dodd said he would schedule a committee markup the week of March 22.

~Corker is holding a press conference at 11 a.m.

http://thehill.com/homenews/senate/86175-dodd-to-go-it-alone-with-financial-overhaul-bill

[denimgirly]

1. Based on this I give it 5 years to the next Crash

This watered-down nonsense is out of hand. I know democrats use the bipartisan consensus meme as an excuse to sell out to their corporate overlords but some times you have to do the right thing and solve the problem...not perpetuate it. I understand Dodd is retiring and all indications point to his joining a lobbyist firm for a big million dollar payday but come one.

[Jennicut]

2. Dodd is my Senator. I have had enough of him. Being better then Lieberman is

not saying much. Blumenthal, our Attorney General and the probable Dem candidate for the seat, has a better track record on taking on the big banks and big finance then Dodd does. The truth of the matter is CT has this really crappy part of it that is right next to NYC and tons of the bigwigs on Wall St. commute from that part of CT to NYC. It is the part of the state I dislike the most, really the only part. Glenn Beck also lives in that area, in New Cannan. Most of us here simply refer to it as "Asshole Land". My husband works for a major utility in CT and dreads working in that area of the state.