Senate Banking Committee Chairman Chris Dodd has announced he wants to pass legislation making major changes in lending laws during a lame duck session next month. But the lead witness at Dodd’s Oct. 16 hearing on the financial crisis, former SEC Chairman Arthur Levitt, recently said “not so fast.” At the end of April, Levitt and two other former SEC Chairmen published an op ed in the New York Times questioning Treasury Secretary Henry Paulson ‘s proposals for reform of the SEC. Rather than pushing their own specific reform proposal, …
