An astonishing quote from Senator Chris Dodd, chairman of the Senate Banking Committee, pertaining to the Finance Reform bill currently before Congress. Democrats again, leaving Republicans out of the process, are advancing with some 2,000 pages of legislation that Obama could sign next week, providing it passes.
Said Dodd, “It’s a great moment. I’m proud to have been here. No one will know until this is actually in place how it works. But we believe we’ve done something that has been needed for a long time.”
“No one will know how it works until it is actually in place?” Yet, it’s a “great moment” and “something that has been needed for a long time?”
Even more astonishing, if not downright laughable, is Obama’s words on the legislation of “making the financial system more transparent and safe.”
Shouldn’t he first make his administration more “transparent and safe” to the American people?