Politics of financial reform
April 11, 2010 | customers, federal legislation, industry | Comments (0)From Politico:
Unions, consumer groups, party activists and liberals on Capitol Hill see regulatory reform as a win-win issue: They get either a strong bill or a strong campaign argument for the midterm elections.
“If they pass something and it’s relatively strong, it’s seen as a big victory for consumers, and if they get a strong Republican pushback, electorally Democrats think they would benefit from it,” said a Democratic aide for a member involved in the effort.
What if they make it harder for consumers to get short-term credit?
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