Washington (CNNMoney.com) - Two key Democratic senators have hammered out a deal that would impose new rules on the complicated financial bets that fueled the mess of the past three years, a congressional aide said Monday.
Details on the deal between Agriculture panel chairwoman Sen. Blanche Lincoln, D-Ark., and Banking panel chief Sen. Christopher Dodd, D-Conn., were scarse. But one aide told CNN that the deal maintained a provision that Lincon's committee passed last week that would force banks to spin off their swaps desk, or the parts that deal in making such risky bets.
Last week, one Republican - Sen. Chuck Grassley, R-Iowa - joined Democrats in passing the bill, which could signal broader GOP support for the general regulatory overhaul effort in coming weeks.
Full story
From CNN Politics
© 2012 Cable News Network. Turner Broadcasting System, Inc. All Rights Reserved.
| Advertising practices | Advertise with us | About us | Work for us | Help
Dodd is just another democrat crook. Putting him in charge of anything beyond dog catcher is lunacy.
These crooks are part of the problem.....I wouldn't let either of them help me across the street, well, unless I wanted to get hit by a car.
Has everybody just completely forgotten
that Dodd oversaw the Freddie Mac loan
distributions to people who could not afford
the homes they were buying. He enforced
the activity that caused our financial problems.
He also made fun of other senators who
questioned those loans. He said the system
did not need fixing because it wasn't broke.
Are so many people in America that brain dead ???
???????????????
Why in the world would America want to entertain legislation from the senator whose primary responsibility was to oversee the financial sector, and whose performance of that responsibility led to the greatest economic collapse since the great depression? Throw Dodd out, and THEN look at reform legislation!
For some folks in this tickers still does not satisfy with 8 million people who lost their job.
They are still praising republican for taking us to this mess created by none other than republican.
If bank did not check the credit of people whom they are giving loan is not mistake of Freddie Mac or Fannie may created by democrats.
Don't forget democrats alway work for middle class people who needs help.