On the recordJanuary 26, 2009
In effect, then, you become worthless, in a sense. What is the purpose at this point? Creating that kind of a fiction merely then avoids any kind of real supervision.
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congress.govChris Dodd: “In effect, then, you become worthless, in a sense. What is the purpose at this point? Creating that kind of a fiction…”
Editor's note · Context
Dodd expresses frustration over the lack of effective supervision in financial regulations.
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More from Chris Dodd
Oct 30, 2011
In fact, it was the uncertainty inherent in a nontransparent and reckless financial system that made Dodd-Frank necessary in the first place.
Nov 30, 2010
Maybe we ought to be spending a little more time looking at the relationships at that level.
Nov 30, 2010
I frankly don't see the sovereignty issue as playing a role as an impediment as much as the sheer ability of the cartels to corrupt.
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