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DODD STATEMENT ON PRESIDENT’S FINANCIAL REFORM MEASURES

January 21, 2010

WASHINGTON – Today, Senate Banking Committee Chairman Chris Dodd (D-CT) joined President Obama at the White House for an announcement of a proposal to impose new restrictions on the size and scope of financial firms to rein in excessive risk taking and to protect taxpayers.
 
“The financial crisis highlighted the dangers of excessive risk taking by financial institutions.  I agree with President Obama that taxpayers should not be underwriting these risky activities.  Companies that choose to take such risks should do so on their own dime and not in a way that threatens the stability of our economy.” 
 
“I look forward to studying the President’s proposal and will give it careful consideration as the Committee moves forward on financial reform.”
 
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