Sen. Dodd says White House proposal complicates regulatory reform

02/2/2010 | Wall Street Journal, The ·

Sen. Christopher Dodd, chairman of the Senate banking committee, said he is in favor of the idea of limiting proprietary trading and ownership of hedge funds and private-equity divisions by major banks. However, the late proposal complicates lawmakers' effort to reform the financial regulatory system, he said. Dodd also said the announcement from the Obama administration "seemed to many to be transparently political."

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Wall Street Journal, The ·

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