Can Dodd wake the watchdogs?
CNN: (Fortune) - The latest financial regulatory reform proposal leaves many chefs in the kitchen. But will anyone actually mind the stove?
Rules proposed Monday by Senate Banking Committee Chairman Chris Dodd, D-Conn., would trim the ranks of federal banking regulators and clarify the duties of remaining agencies.
The Federal Reserve would be in charge of overseeing the biggest financial firms and a new council of regulators would monitor risks to the financial system. Read Article
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