By Heather Horn, The Atlantic Wire
Last week the Wire brought you a roundup of ideas on how to prevent the next financial crisis. The Dodd bill, a set of reform measures under consideration in the Senate, proposed by Democratic Senator Chris Dodd of Connecticut, does’t incorporate all of those ideas. As always, of course, bloggers can find plenty to pick at: some don’t like the restrictions on startup investing, while others want a bill that specifically addresses the “too big to fail” problem. But there’s one thing in particular that’s bothering a lot of people: the lack of clear rules for what banks can and cannot do, and what regulators must do. In other words, there would be more oversight under the Dodd bill, but there would be a lot of wiggle room and discretion given to the regulators.
