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Chris Dodd to Retain Banking Committee Chair

November 6, 2008 RSS Feed Print

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Sen. Chris Dodd, a Democrat from Connecticut, announced Thursday that he will maintain his chairmanship of the Senate Banking Committee in the upcoming Congressional session.

Rumors had circulated that Dodd might give up the post to seek the chair of either the Senate Foreign Relations Committee or the Health and Education Committee. Dodd is a senior member of both committees.

But with the financial crisis threatening to drag the economy into a protracted recession, the Senate Banking Committee will be on the front lines of the government’s efforts heal the housing and financial markets. As the top lawmaker on the panel, Dodd stands to boost his influence and raise his profile.

“As a United States Senator from Connecticut, there is no more important way right now that I can serve the people of Connecticut and our country than as Banking Committee Chairman,” Dodd said in a statement Thursday. “In this role, at this moment, I am confident I can do the greatest good for our nation – and create lasting change for millions of Americans.”

Tags:: Chris Dodd,; Wall Street,; bailout

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Dodd, Franks, Reid. Obama talks about change, but all I see is more of the same with these losers retaining their current appointments. Fire the lot of them. In private industry they would be shown the door immediately, if not sooner.

SP of OH 1:51AM December 23, 2008

The community Reinvestment Act was a Carter brain storm in 1977 it nearly took us down then.It was made easier in 1989 then scooped up by Clinton in 1992 again in 1994 again in 1995 and in November 1999 each time making it easier for minorities and immigrants to borrow money, finally in 2005 Barney Franks and the Democrats got it to no down payment what so every and non Qualifying.In 2008 Osama managed to blame George Bush for the sub prime melt down.But look at the voting records Bush wasn't even around for the first 25 years this went on.This was Chris Dodds fault he was the Chairman of the banking and housing affairs commity.He was the one who let Franklin Raines lose 250 Billion for Freddie mac and get a 90 million dollars salary to do it.Then he allowed James Johnson as CEO of Fannie Mae to lose another 200 Billion at get paid 50 million for his accoplishments.But thank god we got Harry Reid and the US Senate to over see them and blame Bush for it Opps! I forgot Bush doesn't have a vote in the Senate.

A carter of CO 4:11PM November 10, 2008

The community Reinvestment Act was a Carter brain storm in 1977 it nearly took us down then.It was made easier in 1989 then scooped up by Clinton in 1992 again in 1994 again in 1995 and in November 1999 each time making it easier for minorities and immigrants to borrow money, finally in 2005 Barney Franks and the Democrats got it to no down payment what so every and non Qualifying.In 2008 Osama managed to blame George Bush for the sub prime melt down.But look at the voting records Bush wasn't even around for the first 25 years this went on.This was Chris Dodds fault he was the Chairman of the banking and housing affairs commity.He was the one who let Franklin Raines lose 250 Billion for Freddie mac and get a 90 million dollars salary to do it.Then he allowed James Johnson as CEO of Fannie Mae to lose another 200 Billion at get paid 50 million for his accoplishments.But thank god we got Harry Reid and the US Senate to over see them and blame Bush for it Opps! I forgot Bush doesn't have a vote in the Senate.

A carter of CO 12:13PM November 10, 2008

Chris Dodd to Retain Banking Committee Chair

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