There is some speculation as to why Dodd will not continue as Senator of Connecticut: low approval ratings, inability to secure seat once more, failed presidential bid, or political damage due to favorable treatment by Angelo Mozilo of the now Bank of America subsidiary Countrywide.
His power grew enormously as he authored and co-authored some major pieces of legislation: $700b TARP, $787b Stimulus, Credit Card Reform, and now the $900b Healthcare bill. His party has had growing concerns, though, despite his influence that he wouldn't win a mid-term election, so he is stepping down for the good of the group.
What will the Senate Banking Committee look like now?
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