The battle is joined
April 14, 2010 | federal legislation, industry | Comments (0)The pro-financial reform crowd is calling the GOP strategy the “big lie.” From The Progressive:
The key talking point reform’s opponents are using to try to sink the bill is that it represents a “bailout.”
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In fact, the Republicans’ main target is the Consumer Financial Protection Agency. Rather than curtail the banks’ power, they want to maintain the unregulated environment that allowed the last Wall Street collapse.
At the risk of sounding cynical, politics is politics. It’s no secret that many in Congress are concerned about the CFPA. And it’s obvious that Americans don’t like bank bailouts. The GOP message about bailouts is a ligitimate way of discussing the broader financial reform bill.
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