Dodd Slams Critics

April 15, 2010

Senate Banking Committee Chairman Chris Dodd (D-CT) went to the Senate floor yesterday to push back on Republican critics of his financial services reform package.  

Republican leaders, both on and off the Banking Committee, have criticized the bill as creating higher risks for future bailouts of large financial institutions.  This in spite of months’ long negotiations that Dodd led, first with Ranking Minority Member Richard Shelby (R-AL) and then with Sen. Bob Corker (R-TN).  These ultimately did not lead to the bipartisan bill that Dodd was hoping for.  But it wasn’t for lack of effort.