A bit of financial regulatory reform process math: Today, Senators are debating Sen. Barbara Boxer’s (D-Calif.) symbolic amendment ensuring that no taxpayer dollars go to further Wall Street bailouts as well as Sen. Chris Dodd (D-Conn.) and Sen. Richard Shelby’s (R-Ala.) agreement dropping the resolution authority fund from the More…
Today’s news that Sen. Richard Shelby (R-Ala.) cut a deal with Sen. Chris Dodd (D-Conn.) to remove the “bailout fund” — a $50 billion pool taxed from banks to be used by the government to wind down ailing financial firms — came as a surprise to no one in More…
Senate Minority Leader Mitch McConnell (Ky.) has distributed a press release stating, if circuitously, that Republicans will agree to start formal debate on Sen. Chris Dodd’s (D-Conn.) financial regulatory reform proposal:
I appreciate the efforts of Sen. Shelby to work toward a bipartisan solution on an issue that will
With a cloture vote to open formal debate on Sen. Chris Dodd’s (D-Conn.) financial regulatory reform bill scheduled for 5 p.m. this evening, Senate Democrats spent the weekend negotiating with Republicans likely to support the bill, including Maine Sen. Olympia Snowe.
It seems that Democrats do not yet have More…
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 More…
Although Sen. Chris Dodd (D-Conn.) is getting grief for all that he doesn’t plan on doing with his financial regulation reform bill, one thing that is in the bill is some regulation of over-the-counter derivatives that forces them onto exchanges. While Republicans like Sen. Richard Shelby More…
For Republicans in Washington trying to latch onto the small-government momentum of the Tea Party movement, there’s this little glitch: Their very jobs depend on the same big spending in Washington that the Tea Partiers claim to oppose.
Recall, for example, the GOP outcry when the 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…
What happens if you’re chairman of the Senate Banking Committee and your negotiations with the panel’s senior Republican over finance reform break down? If you’re Sen. Chris Dodd (D-Conn.), you recruit Sen. Bob Corker (Tenn.) to be the new lead Republican. Here’s Dodd’s statement explaining why:
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