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Rick,
We agree.
It stinks, it's too much power not enough oversight.
Where we don't agree is that Dodd should have any part of putting that oversight in place. He's too much in the pocket of the people he's supposed to be writing oversight rules for, and IMHO as much to blame as anyone for the crisis nature of this crisis if you get what I mean. As Chair of the committee he should not have been taken by surprise on this - even I saw it coming ( you and I only actually disagree on extent, not what, how, or why) how could he not have seen it, and been more prepared?
Why are they running around saying they only have two days to write this when we've been talking it for two years? The two years HE has been in charge?
on CNN Dodd referenced a 2005 bill from Sarbanes, Frank and Oxely shot down by the Republicans, I know of the 03 and 05 McCain bill's shot down by Dems, but not a Dem plan - I could find no reference to it on the gov sites, anyone?
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