rssRepublicans Near a FinReg Deal; Derivatives Proposal Moves Out of Committee
Wednesday, April 21, 2010 at 1:17 pm
- 7 Comments
Talking Points Memo reports that Sen. Richard Shelby (R-Ala.), the ranking member of the Senate Banking Committee, says Republicans are close to supporting Sen. Chris Dodd’s (D-Conn.) financial regulatory reform bill. “We’re very close to a deal and there will be a substantial number of Republicans that go along with it,” Shelby says. Senate Minority Leader Mitch McConnell (R-Ky.) had last week convinced all 41 Republican Senators to sign on to a letter opposing the bill on the grounds that it would create “perpetual bailouts” for Wall Street firms. It now seems Republicans will not filibuster the popular bill.
Additionally, the Senate Agriculture Committee passed Sen. Blanche Lincoln’s (D-Ark.) derivatives reform bill out of committee. All of the committee Democrats, plus Sen. Charles Grassley (R-Iowa), agreed to the plan, which Wall Street stringently opposes.
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7 Comments
Pingback posted April 21, 2010 @ 2:42 pm
[...] Republicans Near a FinReg Deal; Derivatives Proposal Moves Out of … [...]
Pingback posted April 21, 2010 @ 4:39 pm
[...] Republicans Near a FinReg Deal; Derivatives Proposal Moves Out of … [...]
Pingback posted April 21, 2010 @ 5:51 pm
[...] Klein: Blanche Lincoln’s extremely aggressive derivatives proposal passed out of the Senate Agriculture Committee today. The expectation was that it would win on a [...]
Comment posted April 21, 2010 @ 6:37 pm
Finally!
Rein in the Wall Street parasites that fed off good, hard-working Americans! Let's start building up the country into the economic power it once was, once again!!
Congratulations to Senators Dodd, Lincoln and the Dems!!!
Trackback posted April 22, 2010 @ 8:25 am
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This post was mentioned on Twitter by liberalprick70: RT @ezraklein Whoa. Chuck grassley voted for Blanche Lincon’s derivatives bill? http://bit.ly/bOZjGW...
Pingback posted April 27, 2010 @ 6:35 pm
[...] Republicans Near a FinReg Deal; Derivatives Proposal Moves Out of … [...]
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