U.S.: Chris Dodd’s drop-out might have an effect on financial regulation
- Obama’s big plan for 2010: Financial industry regulation. Unfortunately for Obama, Chris Dodd has been having trouble working with ranking Republican Sen. Richard Shelby on the plan. While the lack of electoral pressures might make it easier for Dodd to focus on it, it also makes it just as easy for the Republicans to stall until next year, when a more moderate Democrat (or based on how things go, a Republican) might chair the Senate Banking Committee. source