I hope that this hearing will provide the Committee, the Senate, and the American public with a clear view of how such a large and audacious fraud was allowed to perpetuate and to grow and what is being done to fix the system and prevent similar frauds in the future.
Dodd emphasizes the need for transparency and reform after fraud cases.
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President Clinton, to his eternal credit in my view, just does not quit on this issue.
But, whether such a temptation is motivated by a noble desire to speed up the legislative process or by pure political expedience, I believe such changes would be unwise. To my fellow Senators who have never served a day in the minority, I…
The truth is that the catastrophe was years in the making caused by regulatory negligence and Wall Street gambling.
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