Will Sen. Dodd's financial service law do enough?

Today "the leaders of the U.S. Senate are scheduled to roll out their latest Financial Regulatory Reform Bill. Some of their troops, disgusted, say it won't fix what's broken. 'It will be something much, much weaker,' Sen. Ted Kaufman (D., Del.) told me Friday.

"Kaufman and four other senators last week posted a bill that would force big banks to get out of the investment business by banning them from "high risk speculating," backing hedge and buyout funds, or betting against the debt they sell their clients." From my column in Sunday's print Philadelphia Inquirer here.

Continue Reading