we cannot allow the congress to adjourn without addressing these basic issue. the whole idea of regulating wall street, what about the reaction has there been from barney frank as to how much of this would fly on the house side? he views this as a strong pau soez pal. clearly, he s ready to move this process forward. and the white house is getting behind this in a big way. we re going to see tim geithner on msnbc this evening. also on other channels today. he was on the hill today. they re making a big push for this because the white house needs a legislative win on the wall street issue, but also with health care out there, no resolution there, the white house needs to get some political traction in washington and show they can get stuff done here. thanks so much, eamon javers from politico. coming up, are republicans use tg tea party for health
the rule is a good example. everyone thought that was doa. i m told that just over the weekend, chris dodd made the decision to include that. that s something that s hated on wall street because it would ban proprietary trading. they like to do that. they want to keep doing it. chris dodd is saying, no, we re going to put regulations on that. there are other things that could have been done here that are not getting done in this bill. one thing i didn t see in there is proposing really tough capital requirements because that was another one of the issues that people have said has not lead to, has not been dealt with enough. but here is chris dodd this morning talking about what he has produced. this bill that i presented yesterday represented about 80 or 85% of agreement. so we have work to do here. don t misunderstand me. but this is not just laying down a bill without a lot of consideration, a lot of thought going into this.
chris dodd s attempt to rewrite the rules on wall street. and you re watching andr andrea mitchell reports only on msnbc. . come on up here where your brothers sit. [ birds chirping ] wow! did i ever tell you what it was like growing up with four sisters? that sounds fun. yeah.fun for them! [ male announcer ] chevy traverse. a consumers digest best buy. with a 100,000 mile powertrain warranty. it seats eight comfortably not that it always has to. scared. they don t know where to begin. so we start to talk about what have they done and what are their goals. and then we plan. it s a very good feeling as an advisor
all: i did. after failing to win republican support, chris dodd proposed his own fixes for wall street. critics say they wouldn t even deal with the big problems that led to the collapse in the first place. eamon javers joins us now. let s talk about some of the elements. he does include the vocal rule, so this is one thing the white house likes that has been proposed. there are a lot of other things that aren t even in here. fannie, freddie. some of the issues that led to the problem in the first place. how would you rate in? this is a little tougher than people had expected. they weren t expecting a dramatically harsh bill.
happened about the idea not letting the perfect be the enemy of the good? sure. i ll give senator rockefeller credit on this, though. when i ve talked to offices they said, yeah, we re signing this, but we don t want to do this. rockefeller came out and was at least up-front with liberals. he said, i don t think we get it done and i m not going to try. but there are a lot of offices that are doing something a bit cowardly and saying, sure, it s easier for us to say we ll sign the letter than for us to say we won t, but we re not going to do it and give you another crushing disappointment. so frankly i prefer senator rockefeller s up-front approach to the in-name only support you re getting from some offices. and cowardliness takes us to ben nelson, who criticized the part of the president s health care plan that calls for a federal panel to monitor rate hikes. and he told the wall street journa journal , i don t think there s a need for the federal government to step in on this. t