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June 29, 2010 | federal legislation, industry | Comments (1)

The conference is reopening.  (This will NOT affect us.)  From Politico: 

In an extraordinary move aimed at winning over reluctant Republican senators, the top Democratic negotiators on the Wall Street reform bill will reopen the conference committee Tuesday to swap out a controversial $19 billion tax on big banks, according to House and Senate aides.

 The unusual development points to deepening troubles for Democrats in their push to finish the bill before the July 4 recess. The death Monday of Sen. Robert Byrd (D-W.V.) and the decision by Sen. Scott Brown (R-Mass.) to oppose the bill unless the tax was removed left Democrats several votes shy of Senate passage.

 Other key Senate Republican holdouts — Susan Collins of Maine, Olympia Snowe of Maine and Chuck Grassley of Iowa — also expressed concern with the tax, saying they were surprised to learn that it was added early Friday morning during an all-night committee meeting.

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Comments»

1. Al - June 29, 2010

Huffington post is bashing you guys …and link to you too
p://www.huffingtonpost.com/gary-rivlin/payday-lenders-exit-arizo_b_630216.html