Whether the Tea Party rank-and-file decide to get on board remains an open question, but conservative figures like Dick Armey, the former Republican majority leader who now chairs FreedomWorks, and Erick Erickson, managing editor of the blog RedState, are already excited about the prospect of directing Tea Party outrage toward More…
Matt Corley at ThinkProgress picks up on a bizarre statement from Sen. Bob Corker (R-Tenn.) on financial regulatory reform. On CNBC this morning, Corker admitted that he is “not sure what the purpose of” the Republican alternative plan for financial regulatory reform is.
If written well and carefully More…
Following last night’s speedy passage of sweeping finance reforms in the Senate Banking Committee, much of the focus has been on the Republicans’ strategy to take the fight over the bill to the Senate floor, rather than pushing amendments during what was supposed to have been a long-drawn More…
The head of the Senate Banking Committee, Connecticut Democrat Chris Dodd, announced this morning that a long-awaited proposal to install sweeping new oversight of the finance industry will be unveiled Monday.
Okay, maybe it’s not so sweeping.
Tea Party Nation blasted out an email asking its Tennessee members to protest Sen. Bob Corker (R-Tenn.) and stop financial reform legislation — which conservatives have done a lot to define, under the radar, as some sort of socialist scheme.
Senator Bob Corker (RINO-TN) has announced there
There’s plenty of criticism being directed today at Sen. Jim Bunning, the Kentucky Republican who single-handedly prevented the Democrats from extending the filing deadline for unemployment benefits, which arrives Sunday.
Bunning says that he wants the $10 billion cost to be paid for with cuts elsewhere, and, More…
So says The Washington Post, reporting this morning that, for the sake of passing banking reforms this year, the White House is willing to drop its insistence on a stand-alone consumer protection agency — an idea championed by a number of consumer advocates, including Elizabeth Warren, More…
The White House wants it. Senate leaders support it. The House has already passed it. And, in the wake of the worst financial upheaval since the Great Depression, many consumer groups and state regulators say it’s vital if the country is to avoid another economic collapse. Yet the proposal to More…
Bad news for consumer advocates who experienced a flutter of hope this week when Sen. Chris Dodd (D-Conn.) swapped Sen. Richard Shelby (R-Ala.) — an opponent of creating a consumer financial protection agency — for Sen. Bob Corker (R-Tenn.) at the finance reform negotiation table: Corker More…
Robert Gibbs, White House press secretary, was asked today whether the administration will insist on the creation of a separate consumer financial protection agency as part of the year’s plans for banking reform. His response should encourage the consumer advocates pushing for that agency.
The president still believes
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