Robert Kaiser, author of the book "Act of Congress: How America's Essential Institution Works, and How It Doesn't," Christopher Dodd, a former Democratic senator from Connecticut, and Barney Frank, a former Democratic representative from Massachusetts, talk with Charlie Rose about the financial crisis and the Dodd-Frank regulatory overhaul. ("Charlie Rose" airs weeknights on PBS and Bloomberg Television. Source: Charlie Rose)
Senate Banking Committee Chairman Christopher Dodd said he and Republican Senator Richard Shelby have agreed “conceptually” on changes to the financial- overhaul bill aimed at preventing bailouts of Wall Street firms.
Senator Christopher Dodd , co-author of the biggest overhaul of financial regulation since the 1930s, said he fears bankruptcy courts would be ill-equipped to handle the collapses of interconnected firms not covered by the law.
Senator Christopher Dodd , who is steering the financial-overhaul bill through the Senate, said last week’s market plunge illustrates the need for the legislation, which is aimed at detecting and alleviating developments that could disrupt the economy.
Senate Banking Committee Chairman Christopher Dodd proposed creating a consumer-protection agency to regulate credit and bank products and shield consumers as part of a plan to overhaul U.S. rules governing Wall Street.