Dodd Proposes, Then Drops, Spin-Off Delay

Senate Banking Committee Chairman Chris Dodd (D-Conn.) filed an amendment that would have put a mandatory two-year delay on the swaps desk spin-off provision in the U.S. Senate Financial Reform Bill penned by Senate Agriculture Committee Chair Blanche Lincoln (D-Ark.), then promptly withdrew it after a firestorm of complaints from bankers and liberals.