“Little room” on consumer agency
April 22, 2010 | federal legislation, industry | Comments (0)Dodd is holding tough according to the Financial Times:
Chris Dodd, chairman of the Senate banking committee, said he was unwilling to make significant changes to a proposed consumer financial protection bureau, but could give up a $50bn resolution fund to win Republican support for a financial reform bill.
In an interview with the Financial Times, Mr Dodd tempered fresh optimism that a bipartisan agreement could be reached on regulation with caution. “Any little thing can blow these things apart,” he said.
Of course, dealing making always requires a little posturing.
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