Lincoln's derivatives language safe -- at least until Tuesday
Given the opposition of the White House, the Federal Reserve, Paul Volcker, the FDIC, Chris Dodd and all the banks, I was surprised to see that Blanche Lincoln's proposal to separate derivative swap desks from banks survived an amendment designed to weaken it. But Brian Beutler reports that there might be less here than meets the eye: Lincoln's primary is Tuesday, and Democrats aren't going to do anything to harm her position before then. After that, though, you might see her language weakened in the Senate bill or negotiated out during conference committee.
By
Ezra Klein
|
May 13, 2010; 12:28 PM ET
Save & Share:
Previous: Lunch break
Next: Al Franken's amendment good enough, smart enough, people like it
Posted by: obrier2 | May 13, 2010 1:47 PM | Report abuse
I am curious about the truthfulness of the contents of this article (or if it is not really this simple): http://www.businessinsider.com/henry-blodget-wall-street-2010-5?
If true, I'm at a loss for why more hasn't been made of this "free" money that the Fed gives to the banks. Is there any reason that the Fed couldn't require the banks to lend a certain percentage of the money that they take in, out.... If, after all, that is the reason they are receiving the money - shouldn't we be requiring them to use it? This seems to have some of the ugliness of how student loans were subsidized before the recent reforms.
Posted by: bel214 | May 13, 2010 3:40 PM | Report abuse
The White House doesn't oppose it: http://www.whitehouse.gov/blog/2010/05/12/putting-economy-risk-protect-wall-street-profits%20
Posted by: SamFromCA | May 13, 2010 3:40 PM | Report abuse
she voted against Healthcare reform... she is a repuglican.
Posted by: Geopolitics101 | May 13, 2010 5:54 PM | Report abuse
I get the feeling Democrats lies are catching up to them. Talking one way, then voting another way is DISHONEST no matter who is doing it. Voters are tired of that.
Democrats will figure that out in November.
Posted by: OlDude | May 13, 2010 7:26 PM | Report abuse
The comments to this entry are closed.
Kind of tells you all you need to know about this crop of democrats!