The Dodd Bill: Bailouts Forever

This is an opinion item.

Author(s)	Peter Wallison, David Skeel
Source	The Wall Street Journal
Date	April 7, 2010
URL	http://online.wsj.com/article/SB10001424052702303493904575167571831270694.html
Quote	"In a bankruptcy, as in the Lehman case, the creditors learned that when they lend to weak companies they have to be careful. The Dodd bill would teach the opposite lesson. As Sen. Richard Shelby (R., Ala.) wrote in a March 25 letter to Treasury Secretary Tim Geithner, the Dodd bill "reinforces the expectation that the government stands ready to intervene on behalf of large and politically connected financial institutions at the expense of Main Street firms and the American taxpayer. Therefore, the bill institutionalizes 'too big to fail.'""

Add or change this opinion item's references

This item argues against the position Act should be passed on the topic Restoring American Financial Stability Act.