MsDoodahs
11-10-2009, 10:53 AM
http://blogs.wsj.com/washwire/2009/11/10/dodd-weighs-in-with-1136-page-financial-overhaul-plan/
It is 1,136 pages long....
"The “Restoring American Financial Stability Act of 2009” would establish the Financial Institutions Regulatory Administration, which would essentially handle all regulation of banks at the national level. And it would create a Consumer Financial Protection Agency.
It would also set up an Agency for Financial Stability, chaired by a White House appointee who is subject to Senate confirmation. Its objective is to identify systemic risks to the economy, promote market discipline, and respond to emerging risks.
The board would include the Treasury secretary, the Federal Reserve chairman, the head of the Financial Institutions Regulatory Administration, head of the Consumer Financial Protection Agency, head of the Securities and Exchange Commission, head of the Federal Deposit Insurance Corp., head of the Commodity Futures Trading Commission, and an independent member picked by the White House."
Wow, Dodd is SUUUUCH a man of vision, ain't he?
It is 1,136 pages long....
"The “Restoring American Financial Stability Act of 2009” would establish the Financial Institutions Regulatory Administration, which would essentially handle all regulation of banks at the national level. And it would create a Consumer Financial Protection Agency.
It would also set up an Agency for Financial Stability, chaired by a White House appointee who is subject to Senate confirmation. Its objective is to identify systemic risks to the economy, promote market discipline, and respond to emerging risks.
The board would include the Treasury secretary, the Federal Reserve chairman, the head of the Financial Institutions Regulatory Administration, head of the Consumer Financial Protection Agency, head of the Securities and Exchange Commission, head of the Federal Deposit Insurance Corp., head of the Commodity Futures Trading Commission, and an independent member picked by the White House."
Wow, Dodd is SUUUUCH a man of vision, ain't he?