Dodd Bill: Why the new big consumer protection department is a bad idea

Posted by Jim Vicevich on April 20, 2010 at 12:26 am | Share via e-mail

Anything that creates a new government bureaucracy is a bad idea in my mind. The feds have trouble getting the ones they have to work properly. No where has that been seen better than in the financial meltdown.

But tonight on Gretta’s show, Senator Judd Gregg breaks it down so everyone can understand the consequences. The Dodd bill proposes a new super financial consumer protection agency that purportedly be looking out for the interests of the little guy. Gregg on the other hand thinks that would be disaster and we agree.

Listen to him explain why and then listen closely as he explains that Dodd originally agreed to the much smaller Gregg plan … and then suddenly changed his mind, after the White House stepped in.

Ram it through. Bi-partnership obstructed by the One? Naaah!

Filed in: Economics Tags: Chris Dodd, Financial Regulation

About Jim Vicevich

Jim is a veteran broadcaster and conservative/libertarian blogger with more than 25 years experience in TV and radio. Currently, Jim's the host of The Jim Vicevich Show on WTIC 1080 in Hartford. Prior to radio, Jim worked as a business and financial reporter for NBC30 - the NBC owned TV station in Hartford - and as business editor at WFSB-TV in Hartford for 14 years while earning six Emmy nominations and three Telly Awards.

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2 Responses to "Dodd Bill: Why the new big consumer protection department is a bad idea"

winnifredthewoebegon says:

April 19, 2010 at 11:55 pm

"social justice" & "banking" used in the same sentence ?… I see disaster up ahead!!!! I really wish Dodd were running again…I am going to miss him soooooooooooooooo much!!!

No, not really. I just wish he'd stop DOING things before he goes for good.
Dimsdale says:

April 20, 2010 at 7:06 am

Putting Dodd in charge of creating a consumer protection agency and the legislation around it is like putting Charles Manson in charge of community relations: just not a good idea.