Things getting nasty
April 14, 2010 | federal legislation, industry | Comments (2)From The Hill:
Republican congressional leaders are criticizing President Barack Obama for bulldozing them on financial regulatory legislation.
Senate GOP Leader Mitch McConnell (Ky.) exited a White House meeting on the issue Wednesday and charged that the White House had ordered Democratic senators to pull out of bipartisan talks on an issue on which Democrats believe they have the advantage.
“They wanted to jam us,” said McConnell, whose message to Obama was to allow negotiators back to the table.
“I naively thought we were heading in that direction until the strings were pulled on the Democratic leaders,” McConnell said.
Not sure what to make of this. There was a sense that there was going to be bi-partisanship on the financial reform bill. Now seems like that’s becoming impossible.
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OLA meeting in DC, are you covering that Payday Pundit?
Thanks for asking. We are not covering the OLA meeting. CFSA primarily represents storefront lenders.