Our National Nightmare Continues: Dodd Set to Unveil Financial Reform Bill

You would expect to see something like this in The Onion. Sadly, the corrupt hack from Connecticut, Countrywide Chris Dodd, the Friend of Angelo, has his grubby paws on our banking system and plans "financial reform" for us. What could possibly go wrong?

Senate Banking Committee Chairman Christopher Dodd will unveil long-awaited draft legislation on financial regulation reform on Tuesday, his office said on Monday.

Marking another step forward in a bid by the Obama administration and congressional Democrats to tighten bank and capital market rules, the Dodd bill has been under development for months behind closed doors.

Behind closed doors. Perfect. So much for the vaunted transparency we were all promised.

Building from a mid-June Obama bill, Dodd is expected to back creating a government watchdog for financial consumers; stripping the Federal Reserve of bank supervision and consumer protection duties and setting up a systemic risk regulatory council with more power than Obama has proposed.

Yes, just what we need: More government regulation and control over our lives.

More here.

Now more than ever we need to dump this corrupt hack.