WALL STREET - MPAA
Former United States Senator Chris Dodd is the Chairman and Chief Executive Officer of the Motion Picture Association of America, Inc., which serves as the voice and advocate of the American motion picture industry around the world. For 36 years, Senator Dodd represented Connecticut in the United States Congress and as the state’s longest serving member was recognized as one of the most widely respected legislators in Congress, earning the trust of both Republicans and Democrats. A key participant in nearly every major national policy debate over the last three decades, Senator Dodd is perhaps best known for authoring or co-authoring the Family and Medical Leave Act in 1993; the Patient Protection and Affordable Care Act; the Help America Vote Act; and the Dodd-Frank Wall Street Reform and Consumer Protection Act. Dodd served as a senior member of the Senate Foreign Relations Committee and is a recognized expert on Latin America. During his tenure he interacted extensively with leaders throughout Europe, Asia, Canada and Latin America and served as Co-Chair of the U.S. – India Senate Caucus. Appointed in March of 2011 to represent one of America’s most creative and storied industries, Senator Dodd’s highest priority is to champion the creative freedoms of filmmakers by safeguarding intellectual property rights, advancing technology-driven innovation and opening global markets to the uniquely powerful medium of film.
IMO - If the government had enforced the rules that were already in place for the banking industry instead of turning their heads the housing crashed wouldn't have happened. Allowing people to purchase a home with $0 down, 3 years interest only loans, without good credit was a recipe for disaster. Everything is great as the economy keeps chugging along with inflated prices that can't be sustained by average people have not seen their pay rise with the cost of housing. Washington sits there telling us that the economy is strong but anybody with half a brain can read the writing on the wall, then when it happens everyone looks to point fingers. Bankers, absolutely, greed wins. Congress, absolutely, for their culpability in allowing it to happen. Every week I can look into the real estate section of the paper and see at least 6 $0 home sales due to foreclosure. The Dodd-Frank Act was 2008, we're still feeling the effects of this and will for years to come. Thankfully my wife and I still have full-time jobs. I could go on but you all know someone that has been effected by this so I'll get off my soapbox.
Glad to see Mr Dodd landed on his feet and will have taxpayer paid healthcare for the rest of his life. Let's see what good he can do for the MPAA with his Wall Street connections...(tongue in cheek)
Thanks for letting me rant.