Chris Dodd's blog
Submitted by Chris Dodd on October 16, 2008 - 1:02pm.
On Tuesday, after meeting with Secretary Paulson, I indicated that I was supportive of the Administration’s plan to use the authority granted by the Emergency Economic Stabilization Act. In developing the financial rescue package, we in Congress recognized the need to attack this crisis on multiple fronts. I am encouraged that the Administration has chosen to do just that, and am hopeful that these efforts will help unfreeze our markets.
Submitted by Chris Dodd on September 23, 2008 - 12:41pm.
September 23, 2008Download the podcast here: Archive Stream of Hearing September 23, 2008 Real Player Required
Remarks as Prepared: The Committee will please come to order. We gather this morning at an extraordinary and perilous moment in our nation’s history. The landscape of our nation’s economy has been radically re-shaped by the United States government over the course of just a few days and in a totally ad hoc manner. Companies that form the foundation of our financial markets are shrinking and disappearing practically overnight. Their insatiable appetite for risk has permeated all sectors of the financial services industry, and has spread beyond our shores. It has felled giants like Bear Stearns and Lehman Brothers; brought others to their knees like Merrill Lynch, A.I.G., Fannie Mae, and Freddie Mac; prompted the largest thrift failure in our history – IndyMac Bank; and eliminated the final two independent investment banks – Morgan Stanley and Goldman Sachs.
Submitted by Chris Dodd on September 22, 2008 - 4:43pm.
September 22, 2008Senator Chris Dodd held a meeting with some of his Democratic and Republican Banking Committee colleagues to discuss the legislation that he has drafted based on the Treasury Department's proposal as received by Congress over the weekend. For a summary of the legislation, click here.
Submitted by Chris Dodd on September 17, 2008 - 11:18am.
Download the podcast here: Archive Stream of Hearing September 17, 2008 Real Player Required
September 17, 2008Prepared Remarks: Last month’s war between Russia and Georgia began in the small region of South Ossetia, but it cast a shadow that crosses continents. In the aftermath of the conflict, the United States and our allies face serious new challenges.
Submitted by Chris Dodd on September 16, 2008 - 5:23pm.
September 16, 2008Download the podcast here: Senator Chris Dodd, Chairman of the Senate Committee on Banking, Housing and Urban Affairs, held a press conference today to discuss the economic crisis and recent turmoil in the markets. Click the link to the right to hear a recording of his opening statement. A transcript is below.
Submitted by Chris Dodd on June 12, 2008 - 1:26pm.
Download the podcast here: Archive Stream of Hearing June 12, 2008 Real Player Required
Remarks as Prepared: The Committee will please come to order. We gather here this morning to examine once again the condition of our nation’s infrastructure and proposals for needed improvements to it.
When the Committee last gathered to examine this critical issue, we considered the perspectives from individuals who held expertise in public and private financing, civil engineering, labor, and business. They were unanimous in voicing compelling support for increased investment in our nation’s infrastructure and for the need to develop and implement alternative ways to finance this critically important investment in our nation’s future.
Submitted by Chris Dodd on April 10, 2008 - 12:10pm.
April 10, 2008Download the podcast here: Archive Stream of Hearing April 10, 2008 Real Player Required
Remarks as Prepared: Good morning. Today, the Senate Committee on Banking, Housing and Urban Affairs is meeting to hold a hearing entitled “Turmoil in the U.S. Credit Markets: Examining Proposals to Mitigate Foreclosures and Restore Liquidity to the Mortgage Markets.” Last week, we had an excellent hearing to look at one result of the turmoil we are experiencing in the capital markets – the decision of the federal government to commit $29 billion in taxpayer money to rescue Bear Stearns. Today, we are focusing more on the other end of the spectrum – the impact of the crisis on homeowners.
Submitted by Chris Dodd on April 3, 2008 - 3:25pm.
April 3, 2008Download the podcast here: Archive Stream of Hearing April 3, 2008 Real Player Required
Remarks as Prepared: Today, this Committee will carefully consider recent actions taken by our federal financial regulators in response to the ongoing turmoil in our markets and our economy. Much of our focus today will center on a period of 96 hours—mostly over the weekend of March 15th and 16th. During this momentous 4-day period, the Federal Reserve, the Federal Reserve Bank of New York and the Treasury Department took dramatic and unprecedented action to stabilize our markets, to infuse them with liquidity and to prevent additional financial firms from being swept under the riptide of panic that threatened to have taken hold of our markets.
Submitted by Chris Dodd on March 11, 2008 - 3:07pm.
Download the podcast here: Archive Stream of Hearing March 11, 2008 Real Player Required
March 11, 2008 Remarks as Prepared: The Committee will please come to order. We gather here this morning to examine an issue of paramount importance: the condition of our nation’s infrastructure, and proposals for needed improvements to it.
Submitted by Chris Dodd on March 7, 2008 - 6:04pm.
March 7, 2008Download the podcast here: I’m proud to be here with the National Peace Corps Association, to honor a cause that has done so much to shape my life—and the lives of so many people in this room.
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