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Chris Dodd

Demand an "Up or Down Vote" On Real Financial Reform

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

Instead of having politicians do their horsetrading in private and leaving the public vote until the end, let's have a public show of hands on the vital economic issues of our time.

Teachable Moments -- But Where's the Teacher-in-Chief?

Robert Kuttner | Posted 05.25.2011 | Politics
Robert Kuttner

The Goldman Sachs fraud case, the BP oil blowout and the stock market going berserk each demonstrate why the private profit motive cannot be relied upon without some steering or harnessing mechanism by government.

Arthur Delaney

Jack Reed Introduces Amendment To Close Dodd Bill 'Loophole' | Arthur Delaney | Posted 05.25.2011 | Business

Sen. Jack Reed (D-R.I.) announced Monday his plans to introduce an amendment to close a "loophole" in Wall Street reform legislation that would allow ...

Mothers in Afghanistan Face Dangers Greater than War

Dr. Bill Frist | Posted 05.25.2011 | World
Dr. Bill Frist

In some parts of the world, motherhood is more dangerous than war. But by coordinating new efforts to fund and promote maternal, newborn and child health we can help save the lives of millions of moms and kids.

Update: Payday Lobby Turns to the Senate

Keith Epstein | Posted 05.25.2011 | Business
Keith Epstein

Fresh signs surfaced today of the influential payday loan industry's muscle in Washington, where lenders' attempts to stay out of the reach of federal...

The Payday Lending Exemption Should Make Us Sick

Ben Mangan | Posted 05.25.2011 | Politics
Ben Mangan

Today's news that the Senate will remove the teeth from consumer protection legislation by giving a pass to payday lenders should make you sick.

Payday Loans Exempt From Consumer Protection Rules Under Corker Proposal

New York Times | SEWELL CHAN | Posted 05.25.2011 | Business

Senator Bob Corker, the Tennessee Republican who is playing a crucial role in bipartisan negotiations over financial regulation, pressed to remove a p...

Weekly Audit: Doomsday for the CFPA?

The Media Consortium | Posted 05.25.2011 | Home
The Media Consortium

By Alison Hamm, Media Consortium Blogger Just when the Democrats need to be tougher than ever on financial reform, Senate Banking Committee Chair Sen....

Bank Deform: Dodd Doubles Down on a Losing Bet

Mary Bottari | Posted 05.25.2011 | Business
Mary Bottari

Watching the devolution of the bank reform bill in the U.S. Senate has been painful. Banking Chairman Chris Dodd's original proposal unveiled last ye...

Ryan Grim

Chris Dodd: Public Option Supporter | Ryan Grim | Posted 05.25.2011 | Politics

Chris Dodd became the 37th senator to commit to supporting the public insurance option as part of health care reform if the overhaul is moved through ...

Fed To Keep Bank Oversight

Jeff Muskus | Posted 05.25.2011 | Business

The Federal Reserve has won its battle to maintain singular regulatory oversight of America's major financial institutions, the Financial Times report...

Placing Our Faith in Economic Oracles

Tony Blankley | Posted 05.25.2011 | Business
Tony Blankley

In the end, the call for a systemic-risk regulator is yet another futile expression of faith in the power of government to out-think the markets. It is just another foolish bet.

Reid Cramer: Financial Reform In Five Steps

Mother Jones | Reid Cramer | Posted 05.25.2011 | Business

The big banks and their lobbyists are vigorously resisting a rewrite of their operating rules and working hard to insert loopholes and exclusions that...

Bipartisanship Is Not a Substitute for Real Reform

Heather Booth | Posted 05.25.2011 | Politics
Heather Booth

Dodd is expected to release the financial reform bill this week. Since legislation usually doesn't get any better after it is introduced, if we are going to get a strong, independent Consumer Financial Protection Agency, we have to act now.

Enough Is Enough: Take Back Your Consumer Rights

Janis Bowdler | Posted 05.25.2011 | Home
Janis Bowdler

At the close of 2009, the House of Representatives passed a bill to create a solid Consumer Financial Protection Agency (CFPA) that would defend famil...

Arianna On 'Situation Room': Don't Bother To Pass Weak Financial Reform (VIDEO)

Huff TV | Posted 05.25.2011 | Politics
Huff TV

Arianna appeared on "The Situation Room" Wednesday evening along with CNN Senior Political Analyst David Gergen to discuss financial reform. She said...

Elites Rule, Not You: When Bipartisanship Becomes Undemocratic

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

In the New Bipartisan Order Washington elites get to decide what will be debated publicly and what will be decided privately.

Ryan Grim

Senator Promises Floor Fight For Strong CFPA | Ryan Grim | Posted 05.25.2011 | Politics

The Consumer Financial Protection Agency, a cornerstone of banking reform, won't go down without a floor flight. Sen. Jack Reed of Rhode Island, the t...

No Accountability in NY or DC: $15 Billion for Jobs, $20 Billion for Bonuses - and Dodd Still Wants to Compromise

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

29 million unemployed Americans will receive less financial support in total than was given out in bonuses to about 165,000 Wall Street employees. If you don't feel like a sucker yet, you're probably not paying attention.

Ryan Grim

Dodd: Put CFPA Inside Federal Reserve | Ryan Grim | Posted 05.25.2011 | Politics

Sen. Chris Dodd (D-Conn.) reached out to fellow members of his Banking Committee on Monday to float the latest proposal for a compromise Consumer Fina...

Let's Not Kid Ourselves: Unless You're on Wall Street, It's All Smoke and Mirrors

John Taylor | Posted 05.25.2011 | Politics
John Taylor

It's obvious that trial modifications and loan forebearances -- the main thrust of the administration's Home Affordable Modification Program -- are just delaying foreclosures that are dragging down economic recovery efforts.

Reform Deja Vu: Democrats Follow Failed Health Care Strategy and Preemptively Surrender on Consumer Financial Protection Agency [Updated]

Arianna Huffington | Posted 05.25.2011 | Politics
Arianna Huffington

Senate Democrats, in the hope of attracting Republican votes, appear to have surrendered on the Consumer Financial Protection Agency. They've mastered the art of negotiating against themselves. READ MORE Political Oscars 2010 It's time again for our annual mash-up of this year's noteworthy achievements in the worlds of politics and entertainment. READ MORE Want to Come to the Taping of Our New Sitcom? WATCH: Arianna Discusses Move Your Money on CBS Sunday Morning WATCH: Arianna Discusses Weakened Financial Reform Legislation on CNN WATCH: Arianna Talks Too Big To Fail, Undercover Boss, and "Air Traffic Control Boy" on Real Time With Bill Maher

Ryan Grim

Consumer Groups Rip Chris Dodd Over Financial Protection Agency Compromise | Ryan Grim | Posted 05.25.2011 | Politics

Consumer advocates are reacting harshly to a compromise Consumer Financial Protection Agency being proposed by Banking Committee Chairman Chris Dodd (...

Dodd Proposes Financial Protection Agency Within Treasury

New York Times | SEWELL CHAN | Posted 05.25.2011 | Home

The chairman of the Senate Banking Committee on Friday proposed creating a Bureau of Financial Protection inside the Treasury Department to regulate m...

Chris Dodd on "Jingle Mail"

Mike Stark | Posted 05.25.2011 | Politics
Mike Stark

We always only hear about the "moral obligations to pay debts" in the context of consumer conditioning, even with millions of homeowners under water. And yet, such lessons don't apply to big business.