Dodd's trying to deep-six Elizabeth Warren's Consumer Finance Protection Agency. Reuters:
The head of the Senate Banking Committee may scrap the idea of creating a consumer financial protection agency, the Wall Street Journal said on Friday citing people familiar with the matter.
Such a decision would set back White House efforts [HAHAHAHAHAHA!] to overhaul financial sector regulations.
As if Dodd wasn't doing exactly what the administration and its owners, the banksters, wanted.
Sen. Christopher Dodd has discussed abandoning the idea for an agency with key Senate Republicans as a way to secure a bipartisan deal on legislation, the newspaper said, citing the people.
Jeebus crackers, Dodd's not even running for re-election! Can't he find it in his heart, if any, to do the right thing on the way out?
Of course, from the bankster's perspective, the existing agencies are already captured. That's why this isn't a deal in the sense of a compromise, but a deal in the sense of a "Your winnings, sir!"
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Gotta sell out the American people one more time
Dodd has his post-Senate career to think about, might as well start planning now.
Although, to be fair, IMO, Barney Frank is worse.
"Do what you feel in your heart to be right -- for you'll be criticized anyway. You'll be damned if you do, and damned if you don't. " - Eleanor Roosevelt