Chris Dodd: “Well, thank you. That is obviously up for reauthorization. We are trying to get that done now in the next few weeks…”

The truth is that the catastrophe was years in the making caused by regulatory negligence and Wall Street gambling.

It's far more complicated than a common language.

In fact, it was the uncertainty inherent in a nontransparent and reckless financial system that made Dodd-Frank necessary in the first place.

I'll tell you, one of the things I feel very good about is that there are people like Bob Menendez, who care about these issues.