Detailed text transcripts for TV channel - MSNBC - 20100316:10:12:00
Unveiled his financial overhaul legislation, aiming to crack down on big banks and predatory lenders. dodd is proposing a consumer office of the federal reserve that would write and enforce rules on banks and nonbanks with assets over $10 billion. the plan also establishes the financial stability oversight council, a liquidation process for large failing firms and gives the fed oversight over the largest financial institutions. the bill also establishes a new consumer protection agency, regulates derivatives, and gives shareholders more say on executive pay. >> we need to get senator dodd back...
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