Friday, February 12, 2010
Yesterday Senate Banking Committee Chairman Chris Dodd (D-CT) issued the following statement on developments in financial reform negotiations.
“For over a year, the Senate Banking Committee has been grappling with how best to address the many problems that led to the financial crisis.”
“In that time Senator Corker has proved to be a serious thinker and a valuable asset to this committee. For that reason, I called him Tuesday night and asked him to negotiate the financial reform bill with me. We met in my office on Wednesday and given the importance of these issues he agreed.”
“While many difficult questions remain, financial reform is in a strong position due to the good work done by Banking Committee members, both Democrats and Republicans, to work out this bill.”
“I am more optimistic than I have been in several weeks that we can develop a consensus bill to bring about the reforms the financial sector so desperately needs to prevent another economic crisis.”
So will there be financial reform in our lifetime? Stay tuned...