The Noah's Ark strategy for financial regulation
The effort to re-regulate the financial sector is continuing in the Senate (the House, remember, already passed its bill), where Chris Dodd, chairman of the Banking Committee, and Richard Shelby, the ranking Republican on the Banking Committee, have resolved some key differences and expect to settle on a compromise plan by the end of the Senate's winter break.
Dodd and Shelby are focusing on protecting consumers and rebuilding the regulatory structure for banks, but they've got three other pairs of bipartisan senators taking on other elements of the bill: Mark Warner and Bob Corker are figuring out what to do when companies that are too big to fail decide to fail anyway, Chuck Schumer and Mike Crapo are working on executive compensation, and Jack Reed and Judd Gregg are deciding how to regulate derivatives. More details here.
December 28, 2009; 11:14 AM ET
Categories: Financial Regulation
Save & Share: Previous: Live chat at noon
Next: Conservative Senate Democrats balk at cap-and-trade
Posted by: drindl | December 28, 2009 11:30 AM | Report abuse
Posted by: cog145 | December 28, 2009 12:08 PM | Report abuse
Posted by: onewing1 | December 28, 2009 2:13 PM | Report abuse
Posted by: leoklein | December 28, 2009 2:27 PM | Report abuse
Posted by: tomveiltomveil | December 28, 2009 2:59 PM | Report abuse
The comments to this entry are closed.