The financial reform bill introduced Tuesday by Sen. Christopher Dodd (D-Conn.), chair of the Senate Banking Committee, would dramatically change the way U.S. banks are monitored. But with resistance from both Republicans and Democrats, the bill is unlikely to pass through the Senate before the end of the year. Here to tell us more about it is our Washington correspondent Todd Zwillich, along with John Cassidy, New Yorker staff writer and author of the book, "How Markets Fail: The Logic of Economic Calamities."
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How much money is this bill proposing to give away to the robber barons? Do tell! As we know, anything that Congress undertakes is nothing else than a cover for handing out to the rich whatever little is left to the poor.
It was a surprising coincidence to hear John Cassidy interviewed on The Takeaway, just one day after his name featured so prominently in this editorial in the Wall Street Journal:
http://online.wsj.com/article/SB10001424052748704795604574522680235765894.html