Christopher Dodd actually said...

Had they acted in 2007 on this issue more aggressively... I think we would have mitigated it substantially.

Dodd criticizes the Federal Reserve's delayed response to the mortgage crisis.

09/23/2009

More Christopher Dodd Quotes

But doesn't it also basically--in other words, the incentive for the issuer to make sure that the borrower is going to be more creditworthy ...

The need for quick action to end abusive lending practices is more urgent than ever now.

I am disappointed that you have got to wait until July of 2010 for them to become effective.

I think these are basic things that one would require.