christopher dodd

What seemed like a clear path ahead was upstaged by the health care battle.

Appearing on Wall Street today, President Obama accused some of the nation’s financial institutions of “misreading” the economy’s nascent recovery, and urged Congress to pass strict new banking regulations to prevent the industry’s “reckless behavior” from spurring another economic collapse.
We will not go back to the days of reckless behavior and unchecked excess that [...]

Are we really going to go through this again? Immediately after the U.S. Department of Housing and Urban Development finished putting the final touches on a controversial plan to allow first-time homebuyers to use an $8,000 tax credit as a downpayment on a new home, some in the  Senate are proposing nearly doubling the credit [...]

There’s a new argument coursing through Washington in the last 48 hours, which lays the blame for the AIG bonus scandal at the feet of Sen. Christopher Dodd (D-Conn.) for altering his recently-enacted executive pay proposal to exclude AIG.
The blame is misplaced. Here’s why.

After Congress released the second $350 billion in TARP funding, President Obama made sure new rules wouldn’t be so strict that they would scare away the employees of recipient companies.

Congressional leaders from all walks are joining President Obama in berating AIG for doling out millions in bonuses after accepting $170 billion in federal help.
Senate Majority Leader Harry Reid (D-Nev.) took to the chamber floor today to decry the news as a “breach of public trust,” while Senate Minority Leader Mitch McConnell (R-Ky.) called the [...]

Responding to the creeping notion that the government might be forced to swoop in and nationalize some of the country’s flailing banks, Washington’s financial regulators chimed in late Monday to proclaim their confidence in Wall Street’s financial titans to manage the current storm themselves. In a statement, the regulators maintained that the role of the [...]

After a day of haggling, a provision to limit bonuses to top executives of bailed-out banks was tucked into the stimulus last night. But for bankers who might be sweating this morning, don’t fret — there are plenty of loopholes. The yacht is safe.

The finance industry might be floundering, it might be broke, and it might be ringing the tin cup for federal help. But don’t say Wall Street has lost its sway over lawmakers on Capitol Hill.
Congress agreed on a final stimulus plan yesterday, but not before stripping out a provision forcing bailed-out banks to repay 2008 [...]

At 2:30 p.m. today, Treasury Secretary Tim Geithner is scheduled to appear before a Senate panel to testify about the Obama administration’s strategy for spending the second $350 billion of Wall Street bailout funding. This is important because the Bush administration, it’s widely agreed, frittered its share by providing little supervision over where the money [...]