Dodd’s Banking Bill Takes The Fed Down a Bit. “This is not a time for timidity,” Senate Banking Committee Chairman Chris Dodd (D-Conn.) said Tuesday as he unveiled what he called a “sweeping, bold, comprehensive, long overdue” restructuring of the financial regulatory regime – one that, unlike competing proposals, limits rather than expands the powers of the Federal Reserve.Dodd’s bill takes away the Fed’s regulatory power in some key areas

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