Dodd: financial reform bill would have stopped Goldman Sachs

by Jay Heflin - 04/19/10 3:15 PM ET

Dodd also fired back against Republican claims that his bill would continue to bailout larger companies that were on the verge of collapse.

“Our Republican friends are entitled to their own opinions, that is something that you have a great abundance around here, but on one is entitled to their own set of facts,” he said, adding, “our bill ends too big to fail, bailouts end forever. Management is fired, shareholders lose, creditors lose, there is a liquidation of assets.”

Dodd’s reform bill is expected to be debated on the floor this week with the goal of completing work on it by the end of the month.

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