Dodd continues to champion an idea of creating a super regulator for bank safety and soundness, combining the supervisory roles of the two existing national bank and thrift regulators with the bank regulation duties of the Federal Deposit Insurance Corp. and the Federal Reserve.
The current champion of that idea is Robert Mundell, winner of 1999's Nobel Prize for Economics and a professor at Columbia University who advised the European Union for 30 years, right up through the adoption of the euro in 1999.