Senator Christopher Dodd, who is steering the financial-overhaul bill through the Senate, said last week’s market plunge illustrates the need for the legislation, which is aimed at detecting and alleviating developments that could disrupt the economy. “We need to get in place our bill, have the president sign it, so we have the tools to protect our economy from these kind of events,” Dodd, a Connecticut Democrat, said in an interview. “Our bill is designed to deal with these early warning systems.”
Dodd says market plunge illustrates need for financial overhaul
May 10, 2010, 10:04am
Diana Golobay was a reporter with HousingWire through mid-2010, providing wide-ranging coverage of the U.S. financial crisis. She has since moved onto other roles as a writer and editor.see full bio
Most Popular Articles
Latest Articles
Test
The story for the housing market over the past three years has been, “Home sales are down, home prices are up.” Because inventory was so restricted after the pandemic, prices pushed higher even as demand weakened. That story may finally be inverting as unsold inventory of homes is now great enough that home prices are […]
-
Freddie Mac’s Donna Spencer on their Servicing Excellence initiative
-
Lower mortgage rates attracting more homebuyers
-
Rocket Pro TPO raises conforming loan limit to $802,650 ahead of FHFA’s decision
-
Show up, don’t show off: Laura O’Connor is redefining success in real estate
-
Between the lines: Understanding the nuances of the NAR settlement
Diana Golobay was a reporter with HousingWire through mid-2010, providing wide-ranging coverage of the U.S. financial crisis. She has since moved onto other roles as a writer and editor.see full bio