Another take on Dodd retirement
January 6, 2010 | federal legislation, industry | Comments (0)From MarketWatch:
Sen. Christopher Dodd, the embattled chairman of the Senate Banking Committee, has decided to forgo seeking a sixth term in November, leading analysts and advocates to argue that his retirement will have a pro-consumer effect on bank-reform legislation or no impact at all.
“He’s always been a strong consumer advocate,” said Graham Steele, policy analyst at consumer advocacy group Public Citizen. “Now he can be bolder because he won’t have to worry about continuing a working relationship with other members of the banking committee after the legislation is approved, particularly if negotiations go sour.”
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