Left goes after Dodd
February 8, 2010 | federal legislation, industry, industry critics | Comments (0)Check out this “news” release:
Consumer Watchdog called on Senate Banking Committee Chairman Christopher Dodd to re-affirm his commitment to an independent consumer financial regulator today after the nation’s largest bank announced it would not oppose the agency.
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In the letter to Senator Dodd, Consumer Watchdog wrote:
“Abandoning an independent consumer financial regulator is not a small compromise, but an untenable capitulation to those in the financial industry who have no interest in meaningful reform. It would be a disappointing and embarrassing end to more than a year of this committee’s work on a financial regulatory overhaul were you to propose a bill that provides less consumer protection than even the nation’s largest bank is willing to accept.”
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