Chris Dodd has put out his Financial Reform Discussion Draft, (summary found here), and the irony of the fox watching the hen house has not been lost on millions of Americans across the country. Whatever happened with all that paperwork that was requested for Dodd’s sweetheart mortgage?
Sen. Chris Dodd (D-Conn.) circulated a 1,100-page bill on Tuesday that aims to dramatically remake the financial regulatory system.
The bill attempts to tackle many of the central questions of the financial crisis. But after months of negotiations and meetings behind closed doors with Sen. Richard Shelby (R-Ala.), the bill represents primarily Dodd’s goals.
Here is the link to the 1,136 page monstrosity. MarketTicker is reading this one and will be posting his thoughts about it, and I will start as soon as I am done with Barney’s POS.