Dodd's Exit Could Aid a Reform Deal

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Why his decision to leave the Senate may give him more leverage to craft a financial reform package


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leeza

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Nothing is more unpredictable than a politician freed from the burden of reelection. On Jan. 6, Chris Dodd—the senior Senator from Connecticut and chairman of the banking committee—announced that, in the face of an 11% deficit in local polls, he would not seek a sixth term. Immediately, bank lobbyists, consumer advocates, and Obama Administration advisers wondered what a liberated Dodd might mean for the one interest that unites them: financial regulatory reform.


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