• The Heritage Network
    • Resize:
    • A
    • A
    • A
  • Donate
  • Chris Dodd

    Morning Bell: Dodd-Frank Financial Regulations Strangling Economy

    Has your bank raised its fees or stopped offering free checking accounts in the last couple of years? If so, you can thank the regulatory boondoggle that is the Dodd-Frank financial law. Since its passage two years ago tomorrow, the number of large banks that offer free checking has declined … More

    Morning Bell: Dodd Bill is Just the Beginning of 'Too Big to Fail'

    Majority Leader Harry Reid (D-NV) failed to end debate on Sen. Chris Dodd’s (D-CT) financial regulation bill yesterday when two Democrats broke ranks to vote with conservatives. The Dodd bill is already a big government monstrosity, expanding powers for existing Washington regulators as well as creating and empowering new ones. … More

    Dodd and Derivatives: Swapping New York for London

    Senate Democrats secretly agree that Sen. Blanche Lincoln’s (D-AR) proposal to attempt to impose a complete separating on credit default swaps and credit providers (i.e. banks) makes no sense. But they’re too embarrassed to say so while Lincoln uses the proposal to wage a populist campaign for re-nomination against liberal Arkansas … More

    Dorgan’s Naked Idea – Doesn’t Work

    As debate on the Wall Street “Reform” bill winds down in the Senate, Sen. Byron Dorgan (D-ND) is still pushing his ban on “naked” credit default swaps. We warned that the idea wouldn’t work. Now we have some real world experience with just such a proposal: Germany banned the practice … More

    Morning Bell: Fannie and Freddie Failure Forever

    Yesterday, Sen. Chris Dodd (D-CT) told reporters about his financial regulation bill, “We’ve ended the ‘too big to fail’ debate. So no longer do I expect any argument to be made that this bill exposes the American taxpayer.” Really. Someone might want to tell Sen. Dodd that in other news … More

    Guest Blogger: Rep. Ed Royce (R-CA) on Financial Regulatory Reform

    As the Senate moves closer to another cloture vote on Senator Dodd’s legislation, we are again reminded of the several flaws found in the Dodd-Frank approach to financial regulatory reform. Beginning with the rescue of investment bank Bear Stearns in the spring of 2008, the Federal government has committed trillions … More

    The Bill Is Still Flawed

    The latest word today is that the GOP is standing down from its standoff over the Senate’s financial-regulation bill. Specifically, word is that Republican leaders will now let the bill proceed to the floor, having received assurances that provisions for creditor bailouts will be removed. That’s not an insignificant improvement, … More

    Cornhusker Kickback, Part Deux

    Months after making an ill-fated stand for the “Cornhusker Kickback” in health care legislation, Sen. Ben Nelson (D-NE) has again put himself in the spotlight. Yesterday he was the lone Democrat to vote against moving forward on the Senate’s financial regulation bill. Nelson claimed in a statement, “We need to … More

    In Their Own Words: Geithner Makes the Case for Permanent Bailouts

    Conservatives say the Dodd Finance Bill means Wall Street Bailouts Forever. Progressives say the Dodd bill “makes bailouts impossible.” Who’s right? Well lets ask Treasury Secretary Timothy Geithner who described the bill this way in The Washington Post: The Senate bill gives the government the authority to wind down the … More

    Morning Bell: Dodd Bill Creates Permanent TARP and You Can Quote That

    In mid-October 2008, at the height of the Presidential campaign, Heritage Foundation analyst Rea Hederman began receiving emails alerting him that he was a star in a new multimillion-dollar ad campaign for then-candidate Barack Obama. The ads claimed that Hederman believed the middle class would be better off under the … More