Notes: the Dodd bill

"Unfortunately, on the major issue - too big to fail financial institutions that caused the 2008-09 crisis and that will likely trigger the next meltdown - there is nothing meaningful in the proposed legislation." -Simon Johnson

The bill is 1,336 pages (Reuters)

What? How can there be a Consumer Financial Protection Agency branch where if a systemic collapse were to occur, the Fed would freeze losses onto the investor? Puzzling piece of legislature there.

Notes from the bill:
The Federal Reserve would house the Consumer Financial Protection Agency.
The Fed is responsible for overseeing any financial institution with assets over $50 billion.
The bill calls for a systematic risk council headed by the Treasury Department.