THIS STORY HAS BEEN FORMATTED FOR EASY PRINTING

Dodd: Goldman suit should spur GOP on regulations

April 19, 2010

E-mail this article

Invalid E-mail address
Invalid E-mail address

Sending your article

Your article has been sent.

  • E-mail|
  • Print|
  • |
Text size +

WASHINGTON—The chairman of the Senate Banking Committee says a government fraud lawsuit against Goldman Sachs should dissuade Republicans from attempting to block financial regulations pending before the Senate.

Sen. Christopher Dodd also said Monday that his legislation would have provided more transparency to a Goldman mortgage-related instrument that cost investors $1 billion.

Dodd said: "The markets would have known what was going first of all, so the market could have reacted to these things."

Democrats are facing unified Republican opposition to the bill. Dodd said his door remains open to Republicans to offer their recommendations. He said: "I'm waiting for that knock on the door."

Connect with Boston.com

Contest for new fans Win circus tickets