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Dodd: new gov't powers could prevent economy crash

Independent | 1:08 p.m. Nov. 10, 2009

Before you fanatic Utah Republican freaks get on here and talk about socialism and communism and the Church of the devil, just chill out and think for a moment... the Government of the U.S. is OF the people, BY the people, and FOR the people. Because we have a vested interest in how Wall Street exploits the people - both as investors and as employees whose jobs and retirements are wrapped up in these companies' stock portfolios - we need regulation and oversight to stop the Enrons and Madoffs!

This is a good idea and long overdue!

Earl | 2:29 p.m. Nov. 10, 2009

@ Independent: Please. Are you serious? This is no more than a duct tape and baling wire fix. The underlying problems are not only not addressed, they're reinforced! What is this going to do beyond adding another layer of bureacracy and helping Dodd's failing bid to be re-elected? So you think Wall Street is the villain? They're pikers compared to the damage the Feds do. The real sources of our problems are with those who handle the money in the first place: the Federal Reserve banking system. As long as they can print paper money with nothing to back it, we're going to have serious economic problems. This bill will do nothing to stop or control the damage. This is laughable.

what? Here we go again!! | 9:25 p.m. Nov. 10, 2009

If you actually look into it obviously blind "independent" Mr. Dodd was one of those responsible for the mortgage fiasco.

They will not stop until they completely destroy our freedoms and capitalist system.

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Charles Dharapak, Associated Press

Senate Banking Committee Chairman Sen. Christopher Dodd, D-Conn., announces a financial reform package, Tuesday, during a news conference on Capitol Hill in Washington.