Wednesday, March 11, 2009

Regulation Drumbeat Gets Louder, Dodd Has No Quick Fix as Uncertainty Grows

WASHINGTON (DOW JONES) -- Senate Banking Committee Chairman Chris Dodd, D-Conn., said Wednesday he supports the idea of a federal systemic risk regulator. "You need a systemic risk regulator," Dodd said, taking questions from reporters after a speech at the U.S. Chamber of Commerce. "The question is who is going to perform that function?" The Federal Reserve already has many responsibilities and creating a new entity to act as a systemic risk regulator would be a daunting task, Dodd said. By Meena Thiruvengadam, Dow Jones Newswires; 202-329-0693; (END) Dow Jones Newswires March 11, 2009 11:47 ET (15:47 GMT) Copyright (c) 2009 Dow Jones & Company, Inc.- - 11 47 AM EDT 03-11-09

1 comment:

Anonymous said...

Dodd and the rest of these men attempting to steer the ship are clueless. Bush was bad, Obama and his democrat Congress 10X worse.