Dodd, interviewed on CBS's "The Early Show," said many members of Congress believe a legislative relief package also should done in a measured, careful manner and should be tailored to protect taxpayers in the best way possible.
He said they should be "first in line" to get money back once conditions in the industry stabilize and recover.
Dodd, a Connecticut Democrat, said, "We want oversight."
He added that "the last thing any of us want is to be back here in a month coming up with some new plan because this didn't work. It's important that we act quickly, but it's more important that we act responsibly."
The Associated Press: Democrats wants pay limits, loan aid in bailout
Dodd Three Days Ago
Emerging from a two-hour negotiating session, Sen. Chris Dodd said, "We are very confident that we can act expeditiously."
Sen. Bob Bennett, a Utah Republican, told reporters: "I now expect that we will indeed hvae a plan that can pass the House, pass the Senate (and) be signed by the president." Dodd is a Connecticut Democrat who heads the Senate Banking Committee.
Dodd Today
"This thing is not workable and we need to go back and get it done"
Dodd Yesterday
So you think he got the call from Howard Dean?
He said they should be "first in line" to get money back once conditions in the industry stabilize and recover.
Dodd, a Connecticut Democrat, said, "We want oversight."
He added that "the last thing any of us want is to be back here in a month coming up with some new plan because this didn't work. It's important that we act quickly, but it's more important that we act responsibly."
The Associated Press: Democrats wants pay limits, loan aid in bailout
Dodd Three Days Ago
Emerging from a two-hour negotiating session, Sen. Chris Dodd said, "We are very confident that we can act expeditiously."
Sen. Bob Bennett, a Utah Republican, told reporters: "I now expect that we will indeed hvae a plan that can pass the House, pass the Senate (and) be signed by the president." Dodd is a Connecticut Democrat who heads the Senate Banking Committee.
Dodd Today
"This thing is not workable and we need to go back and get it done"
Dodd Yesterday
So you think he got the call from Howard Dean?
