About me - Brian Smothers

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Featured article by Brian Smothers

Politics, News & Issues > Economic News Chris Dodd: Does he share the blame for the mortgage mess?

Chris Dodd, at worst, has the role of enabler in this mortgage mess. Yes, he had a hand in killing a regulatory bill in 2005, but he didn't singlehandedly deregulate the market. Dodd did not sell risky loans to Americans that could not afford them. And Chris Dodd didn't buy more house than he could afford and then walk away from it. Yes, Dodd does share some blame for the deregulation of the financial industry in 1999. But so do the other 89 Senators who voted for the Gramm-Leach-Bliley act. And so does President Bill Clinton, but it is somewhat out of vogue to launch partisan attacks agai...

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