Chris Dodd On Point

Chris Dodd captures what is at the essence of the criticism of the party of "No" and what's at stake with Financial Reform.

Category:

News & Politics

Tags:

• financial reform
• keith olbermann
• chris dodd

[dkkght46]

I wonder if there was ever a conversation Obama had that went something like Ok Goldman Sachs, youre going to get hit with a civil action from SEC that wont even put a dent in your Q1 profits, just play along, and then you can get $xxxB from the new nationalization of your bad debts and risk.

All the Presidents Goldman Sachs Men-Have I heard this before?????

[mds123069]

@dkkght46 no I think McConnell beat Obama to the punch. The GOP needs all the funding they can get right about now. I have a feeling though that Goldman wasn't buying what McConnell was selling or if they were, I'm thinking Goldman feels like they got the short end of the deal. This bill is not bullet proof and certainly there is doubt whether it can completely prevent the kind of risk taking that led to the economic crisis, but it won't be at tax payer's expense.

[dkkght46]

@mds123069 It wont be at taxpayer expense, are you serious? Do you really honestly believe that? And do you trust Countrywide Chris Dodd?

[mds123069]

@dkkght46 Chris Dodd is not the only one that feels this bill is a good start to real financial reform. Even the go to point men for financial reform on the Republican Side have said this does anything, but set the stage for more tax payer bailouts of Wall Street. If they are all wrong, then our argument is moot. It breaks the big banks up if set up to much risk. Which part of the bill specifically do you feel will require tax payer intervention?

[dkkght46]

@mds123069 The only market big enough to handle these evil derivatives trading that Goldman dealth in is the Chicago Mercantile Exchange otherwise known as the CME. And guess who works their? Dodds wife, Jackie Clegg, is a director of the CME. The CME makes no mention of her husband on its website or in its SEC filings, despite the fact that hes surely a big part of the reason why she has the position and why he wrote the finacial reform bill.

[mds123069]

@dkkght46 what do you mean when you say "The only market big enough to handle these evil derivatives trading"? Are you suggesting that Dodd wants to pass regulation that would apply to everyone but Chicago Mercantile Exchange giving CME free reign to continue with the risk taking associated with derivatives trading? I'm under the impression that all derivatives trading would be required to be transparent going forward based on the new regulation (until someone beats the system).

[mds123069]

@dkkght46 just for the record, I do feel the bill needs to go further. Some have suggested taking a preemptive effort to break up large banks to avoid the risk associated with the interconnectedness of the establishment and restoring the Glass-Steagall. All valid arguments.

[iown813]

chris dodd, the biggest failure in the senate

[lamrof]

The GOP in the wrong side of good again. Again they are fighting what is good to the people. Where are the teabagger herd now protesting this bill.. yeah since they are a herd of sheep they will protest this bill too. Where are they?

[DrQuijano]

All right for Chris Dodd.