Dodd makes it official, decides to keep Banking gavel
Dodd makes it official, decides to keep Banking gavel
By Silla Brush - 09/09/09 03:37 PM ET
Sen. Chris Dodd (D-Conn.) made it official on Wednesday that he would remain as chairman of the Senate Banking Committee as lawmakers look to dramatically overhaul the nation's financial regulations.
Dodd chose to keep the Senate Banking Committee gavel instead of moving to become chairman of the Health committee after the death of longtime friend and Chairman Sen. Edward Kennedy (D-Mass.).
Dodd, who is facing a tough reelection campaign, wouldn't put a deadline on passing financial legislation, but said he hoped to move a comprehensive bill this year.
Sen. Tom Harkin (D-Iowa) will replace Kennedy as chairman of the Health, Education, Labor and Pensions (HELP) Committee. Sen. Blanche Lincoln (D-Ark.) will replace Harkin as chairman of the Senate Agriculture Committee, becoming the first woman to hold the panel's gavel.
Dodd said it was a “tough call,” but added that “a lot is left to be done” on financial reform.
Dodd, who had been shepherding the HELP Committee's work while Kennedy was undergoing treatment, will continue to work on the issue for the committee, Harkin said.
The Obama administration has laid out in hundreds of pages of draft legislation its plans for new financial regulations. The administration has proposed a new agency to oversee consumer financial products, a consolidation of two of the country's banking regulations, new restrictions on financial derivatives and new powers for the Federal Reserve to oversee systemic risk.
“We want to try to deal with this as comprehensively as we can,” Dodd said.
http://thehill.com/homenews/senate/57929-dodd-makes-it-offic...
Just another reason to DONATE TO PETER SCHIFF NOW
and get Dodd out of there.
Edited re-post
I posted this information a while ago in another thread but it seems worthy of re-posting given Dodd's stubborn unwillingness to ethically recuse himself due to conflict of interests. Here's the list of top 20 contributors to Dodd's political campaigns from 2005-2010. The source is opensecrets.org.
Rank ↑ Contributor ↓ Total ↓ Indivs ↓ PACs ↓
1 Citigroup Inc $265,194 $260,194 $5,000
2 SAC Capital Partners $262,800 $262,800 $0
3 United Technologies $255,800 $250,800 $5,000
4 Royal Bank of Scotland $223,700 $211,700 $12,000
5 Bear Stearns $190,500 $190,500 $0
6 American International Group $183,700 $163,700 $20,000
7 ActBlue $144,800 $144,800 $0
8 Merrill Lynch $129,950 $129,950 $0
9 Goldman Sachs $127,950 $120,950 $7,000
10 Credit Suisse Group $114,800 $107,300 $7,500
11 Morgan Stanley $110,600 $110,600 $0
12 Travelers Companies $104,700 $94,700 $10,000
13 JPMorgan Chase & Co $103,550 $99,550 $4,000
14 The Hartford $94,550 $94,550 $0
15 Hartford Financial Services $90,300 $80,300 $10,000
16 St Paul Travelers Companies $88,750 $88,750 $0
17 Bank of America $80,350 $60,350 $20,000
18 FMR Corp $78,950 $68,950 $10,000
19 Ernst & Young $77,750 $72,750 $5,000
20 General Electric $76,700 $73,700 $3,000
Gee, no conflicts of interest here.
The Give-ernment is bought by these clowns
"A Government which robs Peter to pay Paul can always count on the support of Paul" George Bernard Shaw
No one gives up power.Not Kennedy, Dodd,or Sanford, only Palin!
Why is that? These are power-crazed maniacs, that's why.
Schiff Money Bomb NOW--End Dodd's Career
www.schiffforsenate.com
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. Dodd Stinks
I made a post about Dodd the other day, I sat in traffic behind someone with a "Dump Dodd" bumper sticker
the website is www.dumpchrisdodd.com
It's related to a CT Tea Party and they have a Peter Schiff Video (don't know if they are supporting him thought) Could be allies of ours