Senator Chris Dodd, Chairman of the Senate Banking Committee, was on CBS's The Early Show to talk about the $700 billion rescue plan for Wall Street. Dodd made it clear that this shouldn't be a blank check for bankers and the Treasury. Below is an excerpt of the interview:
Secondly, we want accountability, Harry. Chris Dodd On Hank Paulson: Rescue Plan Would "Turn $700 Billion Over Virtually To One Individual" Republicans and Democrats, will have a hard time accepting. We can do that, though.
And thirdly, we want to make sure that homeowners--because the core of this problem is still the foreclosure crisis. And until we deal with the cause of this, this problem would persist. And the last thing any of us want is to be back here again in a month trying to come up with some new plan because this one didn't work. So taxpayers, accountability, homeowners; give this
secretary the authority...