Saturday, June 26, 2010

Legislative analysis made easy

Weary lawmakers wrapped up their work minutes before sunrise. "It's a great moment," said a teary-eyed Sen. Christopher J. Dodd (D-Conn.), who as chairman of the banking committee led the effort in the Senate. "It took a crisis to bring us to the point where we could actually get this job done."

One of the last motions Friday was to name the bill after the two chairmen, Dodd and Rep. Barney Frank (D-Mass.), who had shepherded the legislation through the House over the past year. At 5:07 a.m., they agreed unanimously that it would be known as the Dodd-Frank bill, and the sound of applause echoed down the empty hallways.

We would sincerely like to thank the banking committee for having the graciousness to not have us waste our time in searching for the bribes, kickbacks, swindles, exemptions and general putridness in a bill for the fact of the convenience of its namesake.

No comments: