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Affects 17% of the economy, welcome to the financial battle, which affects 100% of the economy. after failing for months to reach a bipartisan consensus with republicans, democratic banking committee chairman senator chris dodd unveiled a bill intended to protect us from future outbreaks of wall street madness. despite not winning a single republican supporter for his new package. senator dodd says he's still including republican ideas, among them the financial consumer protection agency that president obama and the house of representatives wanted as its own separate agency would instead be pa...

Sent dodd a letters calling the idea imprudent. what dodd said his bill will do is make sure that taxpayers are not funding future bailouts based on the rationale that a failed bank is too big to fail. >> first, the legislation will end too big to fail bailouts. never again should the american taxpayer be asked to write a check because of an implicit guarantee that the federal government will bail out a company when it collapses with threatened stability of the economy as a whole. companies simply shouldn't be that big or that complex. it isn't safe for our nation. and we will discourage that ...

Idea imprudent. what dodd said his bill will do is make sure that taxpayers are not funding future bailouts based on the rationale that a failed bank is too big to fail. >> first, the legislation will end too big to fail bailouts. never again should the american taxpayer be asked to write a check because of an implicit guarantee that the federal government will bail out a company when it collapses with threatened stability of the economy as a whole. companies simply shouldn't be that big or that complex. it isn't safe for our nation. and we will discourage that through the new capital requirem...