AirTalk for April 12, 2010

Financial reform: too big to fail?

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Chip Somodevilla/Getty Images

Senate Banking Committee Chairman Christopher Dodd (D-CT) answers reporters' questions during a news conference at the U.S. Captiol March 11, 2010 in Washington, DC. Dodd said that despite months of work with Sen. Bob Corker (R-TN) and other members of the GOP, he will introduce financial regulation reform without the endorsement of any Republicans on the committee.

Fresh from a two-week spring break, the Senate returns to a push from President Obama for a financial overhaul bill drafted by Senate Banking Chairman Christopher Dodd. The legislation was prompted by the Wall Street meltdown of 2008; the changes to financial regulations would be the most dramatic since the New Deal. One of the most contentious components of the bill would create a new consumer-protection division within the Federal Reserve. The Dems need the support of at least one Republican in order to reach 60 votes. Will the GOP be on board?

Guests:

Neil Irwin, National Economy Correspondent, Washington Post

Alex J. Pollock, Resident Fellow, American Enterprise Institute

Heather Booth, Executive Director, Americans for Financial Reform


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