Monday, March 15, 2010

Pre-recorded announcement!

To Sen. Chris Dodd
Song: “For he’s a jolly good fellow…”
(Flowers, confetti, rose petals)

THANK YOU!
As always,
BB

Breaking: Dodd Proposes Dramatic Shake-Up Of NY Fed

by bobswern
Excerpt:
Dodd is proposing to wrest control of the appointment of the head of the NY Fed from its member banks and make it a White House appointment, instead. Another rule being proposed in the latest draft of his committee's financial regulatory reform legislation, to be unveiled tomorrow morning at 9:45AM, would prohibit member bank officers from sitting on the NY Fed's board.

And
If these proposals do manage to make it into the final legislation, and this legislation is passed, it will be the crowning achievement on Dodd's career. If not, IMHO, the regulatory reform being proposed would devolve into little more than, "a joke," as Barney Frank referenced this legislation, around a week ago.
Read more at:
http://www.dailykos.com/storyonly/2010/3/14/846276/-Breaking:-Dodd-Proposes-Dramatic-Shake-Up-Of-NY-Fed

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