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Chris Dodd

Dodd: SEC Should Examine High-Speed Trading Behind Stock Plunge

AP | JIM ABRAMS | Posted 05.25.2011 | Business

WASHINGTON — Federal regulators have got to address the "casino environment" on Wall Street where computerized high-frequency trading can trigge...

The Folly of the Financial Regulation Bills

Marty Robins | Posted 05.25.2011 | Business
Marty Robins

One hopes that before our economy can be further damaged from ill-advised measures, the proverbial cooler heads will prevail and reflect on what is really necessary.

Congress Goes to Bat for Wall Street

Zach Carter | Posted 05.25.2011 | Business
Zach Carter

No matter what else is ultimately enacted in the name of Wall Street reform, Congress decided last night that it will not confront the single greatest problem in the U.S. economy: Too Big To Fail.

Consumer Protection: Progressive Momentum and Forbidden Love

Richard (RJ) Eskow | Posted 05.25.2011 | Politics
Richard (RJ) Eskow

Harry Reid got it right when he said that the GOP is "making love to Wall Street" -- and when politicians and bankers "make love," it's the public that gets screwed.

Ryan Grim

Dodd: We Have A Deal On 'Too Big To Fail' Banks | Ryan Grim | Posted 05.25.2011 | Business

Lead Senate negotiators have reached a deal on the portion of the Wall Street reform bill that deals with banks considered "too big to fail", Sen. Chr...

Financial Reform: Lobbyists Fret, Call Some Proposals 'Crazy' 'Draconian,' 'Insanely Unproductive' | Brady Dennis | Posted 05.25.2011 | Business

Some industry lobbyists, bracing for significant setbacks in the Senate, already are pinning their hopes on the House-Senate conference process, where...

Ryan Grim

Harry Reid Pushing For Majority Vote On Wall Street Reform | Ryan Grim | Posted 05.25.2011 | Politics

A simple majority of the Senate will be all that is required to adopt an amendment to Wall Street reform, if Majority Leader Harry Reid (D-Nev.) gets ...


Russ Baker | Posted 05.25.2011 | Politics
Russ Baker

An article about financial reform legislation seems too little, too late--and points out the need for better journalism in this area. Headlined "Sen...

Unethical Behavior, Lack of Transparency and "Greed" Can Thwart Financial Reform

Jerry Chautin | Posted 05.25.2011 | Business
Jerry Chautin

Congress will eventually pass financial reform legislation. But long after the nuances are better understood and loopholes closed, diligent enforcement and ethical business practices will ultimately foretell if it is successful.

Simon Johnson: Why Do Senators Corker And Dodd Really Think We Need Big Banks?

Baseline Scenario | Simon Johnson | Posted 05.25.2011 | Business

On Friday, Senator Bob Corker (R, TN) took to the Senate floor to rebut critics of big banks. His language was not entirely senatorial: "I hope we'll...

Wall Street Turns on Democrats

David Paul Kuhn | Posted 05.25.2011 | Politics
David Paul Kuhn

It's no secret. Democrats are seeking to reform the hand that feeds them. Connecticut Democrat Chris Dodd leads the Senate fight for financial reform...

Friday Talking Points [121] -- Swampy Muck

Chris Weigant | Posted 05.25.2011 | Politics
Chris Weigant

Once you get started, it becomes quite easy to justify shaking people down for their papers. I think the police should pull over anyone who looks like they work on Wall Street, at any time.

Financial Reform Debate Turns To Bill's Details

AP | DAVID ESPO | Posted 05.25.2011 | Business

WASHINGTON — Days of high-decibel partisanship yielded to slightly more subdued accusations as the Senate lurched into action Thursday on legisl...

What Now, After Financial "Reform"?

Danny Schechter | Posted 05.25.2011 | Business
Danny Schechter

The industry has already figured out how to get around the new law even before it is passed, as expected. What will the Democrats have to give up for needed votes?

Reid Leads

Chris Weigant | Posted 05.25.2011 | Politics
Chris Weigant

After three days of repeated cloture votes to bring Chris Dodd's Wall Street reform bill to the floor of the Senate for debate, it appears the Republicans are ready to blink.

Wall Street Reform: Democrats Taking A Third Run At Banking Rules

AP | JIM KUHNHENN | Posted 05.25.2011 | Business

WASHINGTON — Republicans abandoned their blockade against legislation to clamp tough new controls on Wall Street Wednesday, clearing a road to l...

Why the Dodd Financial Services Bill Is Bad... For Democrats

Frank Luntz | Posted 05.25.2011 | Politics
Frank Luntz

The dirty secret of the Senate financial reform bill is that some of its biggest supporters work on Wall Street.

Reformers, All! The GOP Would Like to Explain

Rick Horowitz | Posted 05.25.2011 | Politics
Rick Horowitz

It took us years to get into the mess we're in. Why shouldn't it take us just as long to get out?

Republicans Filibuster Our Financial Future

Zach Carter | Posted 05.25.2011 | Business
Zach Carter

With two-thirds of the nation supporting reform, any political party that throws in its lot with Wall Street will pay a major price come November. No amount of Wall Street campaign cash can counter voter outrage.

Reid Calls Republicans' Bluff

Chris Weigant | Posted 05.25.2011 | Politics
Chris Weigant

By refusing to back down, and refusing to "compromise" (read: water the bill down and add loopholes for Wall Street) with Republicans, Reid is showing real strength, and real leadership.

If Republicans Say No to Bailouts, Then They Can't Say No to Breaking Up the Banks

Tiffiniy Cheng | Posted 05.25.2011 | Politics
Tiffiniy Cheng

Senate Republicans say they're against both the bailouts and the Democrats' proposed legislation to end them. They say the Dodd bill would "actually guarantees future bailouts." It's time for the them to put up or shut up.

GOP, Ben Nelson Block Debate On Financial Reform Bill

AP | JIM KUHNHENN | Posted 05.25.2011 | Politics

WASHINGTON — Undaunted by a Senate setback, Democrats appeared increasingly confident Monday they will be able to take advantage of Americans' a...

Shorting Democracy

Richard (RJ) Eskow | Posted 05.25.2011 | Politics
Richard (RJ) Eskow

The GOP has now gone on record officially as saying it wants to block the Senate from even discussing a financial reform bill. When it comes to reform, they don't want the democratic process to take place at all.

When Will Chris Dodd Start Taking Yes For An Answer?

Simon Johnson | Posted 05.25.2011 | Business
Simon Johnson

Senator Chris Dodd is a tactical legislative genius - keep this clearly in your mind during the days ahead. In terms of maneuvering for the outcomes he seeks, managing the votes, and controlling the floor, you have rarely seen his equal.

Senators Push For Deal On Financial Reform Bill (VIDEO)

Huffington Post/AP | Posted 05.25.2011 | Politics

WASHINGTON - The Senate's top negotiators on financial overhaul legislation said Sunday they were not optimistic about striking a bipartisan agreement...