Sen. Chris Dodd fights for tougher bank regulations

Sen. Chris Dodd introduced a bill yesterday to tighten regulations on financial institutions. The bill gives the government new authority to police banks and prevent them from becoming too big to fail. Although the bill speaks to widespread anger among Americans about the bank bailout, it still lacks bipartisan support.

Dodd had been working with Republican senators on a bill, but announced recently he would move forward on his own. Takeaway Washington correspondent, Todd Zwillich, and finance reporter for The New York Times, Louise Story explain.