Tuesday, February 23, 2010
...warns the world about the Homonculus he set in motion:
Sen. Christopher Dodd (D., Conn.), who chairs the Senate Banking Committee, said in a letter released by his office that he was concerned about the potential effects of commercial real estate woes on the broader economy.
“I believe that the weakness in the CRE market requires prompt and robust responses from the regulators to guard against harmful effects on financial institutions and the economy,” Dodd said in the letter to Federal Reserve Chairman Ben Bernanke.
Similar letters were sent to the Federal Deposit Insurance Corp. and Office of Thrift Supervision, among others.