Agency Dodd News Today : Breaking News, Live Updates & Top Stories | Vimarsana

But for protecting the system. senator corker in today's "wall street journal" says the agency dodd proposes still has too much power to protect consumers. he explained his opposition. he objects to dodd's proposal that banks would have to hold on to, not sell to another institution, at least 5% of any loans they make, which would give them at least some incentive to ensure that the loans were repayable because they would lose money when they were not repayable. even though dodd's would be part of the federal reserve, corker also wants banking regulators, those charged with protecting the bank...

The senate bill authored single handedly by banking chairman chris dodd of the senate locates the consumer protection agency inside the federal reserve which is primarily responsible not for consumers but for protecting the system. senator corker in today's "wall street journal" says the agency dodd proposes still has too much power to protect consumers. in a speech today corker explained his opposition. he objects to dodd's proposal that banks would have to hold on to, not sell to another institution, at least 5% of any loans they make, which would give them at least some incentive to ensure ...