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Sen Dodd: regulators accountable on sub-prime

WASHINGTON
Thu Mar 15, 2007 12:54pm EDT

WASHINGTON (Reuters) - U.S. Senate Banking Committee Chairman Christopher Dodd said on Wednesday that regulators are accountable for problems in the subprime mortgage sector, and that he plans to call them before the committee for questioning.

Barack Obama

Regulators "bear some responsibility for responding to how we got to this point," Dodd told reporters after speaking at a U.S. Chamber of Commerce conference on market competitiveness.

"That's what's made me angry here ... that the regulators apparently have not been doing as good a job as I think they should have been doing. But we'll know the answer to that question as we bring them before the committee," said the Connecticut Democrat.
Barack Obama


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