Christopher Dodd, outgoing Connecticut Senator who is retiring after being involved in multiple controversies made the following comments after finalizing details of the new financial overhaul legislation overnight:
This is about as important as it gets, because it deals with every single aspect of our lives. (source)
No one will know until this is actually in place how it works. But we believe we’ve done something that has been needed for a long time. It took a crisis to bring us to the point where we could actually get this job done. (source)
Why is the most common recurring theme coming from Washington these days, ‘This is very important, but we don’t know how it’ll work until it’s in place”? America deserves better, Senator! If finance reform is so important, I think it’d be prudent first of all to involve people who haven’t been at the center of the collapse of our economy. I know it makes it sound like a joke, but it’s common sense.
Secondly, why do major parts of the 2,000 page bill need to be “negotiated in the hallway of the Dirksen Senate Office Building as the clock neared midnight” (source)? And finally, why aren’t you all spending endless hours trying to pass a Federal Budget as required by law instead of adding more regulations that will likely continue to hurt American businesses and markets?Published in