Monday, March 15, 2010


posted by The Vidiot @ 8:14 AM Permalink

So, Dodd thinks the fed should have even MORE power?
In a remarkable recovery by the U.S. central bank after a steep drop in its political popularity, Senate Banking Committee Chairman Christopher Dodd was poised to release a bill that leans heavily on the Fed, sources said on Sunday.

Not only would a new government watchdog for financial consumers be housed within the Fed, but it would also retain much of its present authority over large bank holding companies and gain new authority over selected nonbank financial firms.

Is it any wonder he gets a goodly portion of his donations from Securities and Investment firms?

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