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Dodd unveils sweeping financial regulation plan (AP)

March 15th, 2010 | Author: admin

US Federal Reserve in Washington, DC. Dodd's decision to house the consumer protection agency at the Federal Reserve has been met with barely concealed fury by some of his Democratic colleagues who accuse him rewarding a watchdog that failed miserably to prevent the worst financial crisis in decades.(AFP/File/Karen Bleier)AP – A new Democratic Senate bill to tame the financial markets would give the government new powers to break up firms that threaten the economy and would force the industry to pay for its failures.


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