Reg reform will pass
March 25, 2010 | federal legislation, industry | Comments (0)So says a couple of Republican senators. From the Politico story:
The Obama administration’s chances of achieving a bipartisan victory on financial reform increased dramatically Wednesday as two top Republicans acknowledged the legislation would pass the Senate and Democrats sought to harness the momentum of their health care win.
One of those Republicans, Sen. Bob Corker of Tennessee, conceded that his party had made a “major strategic error” by refusing to back bipartisan negotiations before the bill passed out of committee. He suggested that Democrats are right to think they have the political advantage on the issue.
“This is so unlike the health care debate,” said Corker, who was working on a bipartisan deal with Senate Banking Committee Chairman Chris Dodd until two weeks ago, arguing it will be difficult to keep all 41 GOP senators together on financial reform.
“I don’t think people realize that this is an issue that almost every American wants to see passed. There’ll be a lot of pressure on every senator and every House member to pass financial regulation.”
“… almost every American wants to see passed.” That’s quite a statement.
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