Financial Regulatory Reform: Dodd's Retirement May Make A Senate Bill More Likely

washingtonpost.com:

Lawmakers, financial industry representatives, consumer advocates and other observers offered varying predictions Wednesday about how Dodd's pending retirement might influence his approach as he shepherds the reform bill through the Senate. But most agreed that Dodd's desire to leave behind meaningful changes, coupled with the freedom from a grueling and uncertain reelection campaign, bodes well for the prospect that a bipartisan bill could emerge from the Senate.

Read the whole story: washingtonpost.com

Comments

[Corners]

08:46 AM on 03/02/2010

You are naive if you think he will "do whats right" Unless he will retire he will be looking for a cushy job as a consultant /lobbyist.

[karen1p]

12:54 PM on 01/07/2010

Dodd will certainly want to pass a reform bill that will give the green light to all the companies he's selecting to work for post-Senate.

[Wordsmith]

12:49 PM on 01/07/2010

If the democrats are successful in forcing Health Care into law, against the CLEAR disapproval of the voters, all bets are off. The republicans will not join the democrats for any reason. Democrats will be forced to pass their whole agenda on straight party line votes. That means sixty out of sixty have to all vote one way. The moderate democrats are very nervous, and I do not believe they will continue to vote the party line.

[swtexas]

11:52 AM on 01/07/2010

Bye Dodd. Hav efum with all your corporate money.

[No2bailouts]

11:36 AM on 01/07/2010

we can pretty much assume there will be no meaningful change from Obama for the remaining 3 years
He'll spend the last 1.5 years posturing & campaigning after trying to pass ineffectual reform.
hat tip to http://iamned-site.blogspot.com

This is from someone who voted for him.

[Corners]

08:49 AM on 03/02/2010

I feel the same way. Say you " support it" but behind the scenecs make it hard /impossible to pass. I also voted for ObaMA

[LittleMittens]

10:46 AM on 01/07/2010

It would make a lovely swan song if he finally did his job the way he was originally elected to do. Just another example of why we need public financing, so it releases the corporate tethers...

[EinChicago]

10:25 AM on 01/07/2010

This article adds 2+2 and makes 3. It's counter intuitive to reality on every level. Dodd is retiring and teh Senator for South Dakota, where all the large banks are incorporated, is next in line for the chair. This was a gift wrapped present for the banks. They already have 100$ unity in opposition to reform. All they need to do is pick off 2 dems and they can stall this until 2011 when the Senate will likely have a GOP majaority and the deal is done.

Which may not be a bad thing. Enacting legislation during the height of a witch-hunt is never a good thing and we probably need a year or so to let some centrist reason and rationality return and to muzzle the fringies.

[pj-smith]

10:21 AM on 01/07/2010

stupid speculation.

He's a crook, and will do nothing to help anyone other than his cronies in the world of finance.
Now he will be free to do it unfettered by the prospect of those annoying constituents that voted for him.