Tags: US | Financial | Overhaul

Dodd: Goldman Suit Should Spur GOP On Regulations

Monday, 19 Apr 2010 11:59 AM

The chairman of the Senate Banking Committee says a government fraud lawsuit against Goldman Sachs should dissuade Republicans from attempting to block financial regulations pending before the Senate.

Sen. Christopher Dodd also said Monday that his legislation would have provided more transparency to a Goldman mortgage-related instrument that cost investors $1 billion.

Dodd said: "The markets would have known what was going first of all, so the market could have reacted to these things."

Democrats are facing unified Republican opposition to the bill. Dodd said his door remains open to Republicans to offer their recommendations. He said: "I'm waiting for that knock on the door."

© Copyright 2015 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

1Like our page
2Share
InsideCover
The chairman of the Senate Banking Committee says a government fraud lawsuit against Goldman Sachs should dissuade Republicans from attempting to block financial regulations pending before the Senate.Sen. Christopher Dodd also said Monday that his legislation would have...
US,Financial,Overhaul
105
2010-59-19
 

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved