Posted on 04/13/2010 7:16:46 PM PDT by SeattleBruce
Republican Senate leaders laid out a strategy Tuesday to alter or even reject broad changes in financial regulations. They said Democratic proposals would perpetuate bank bailouts, and they accused the Obama administration of exploiting anti-Wall Street sentiment for political purposes.
The criticism was an opening salvo as the Senate prepares to take up a sweeping overhaul of the nation's financial regulatory regimen in less than two weeks. President Barack Obama planned to make his case for regulatory changes in a meeting Wednesday at the White House with congressional leaders from both parties.
Senate Republican Leader Mitch McConnell, in a floor speech Tuesday, said the bill approved on a party line vote by the Senate Banking committee "would provide endless protection for the biggest banks on Wall Street."
And Sen. Judd Gregg, R-N.H., a member of the committee, said the administration's insistence on a consumer protection agency was motivated by politics, not by sound policy.
(Excerpt) Read more at townhall.com ...
Boy, am I glad I'm just tired.
Wow! The GOP actually puts forth a legislative position! THis could be the start of something big! Oh, how I wish our party had b*lls...
They need to start enforcing the laws that exist and start locking people up. I don’t think that either side of the political front is up to this job. They both depend on the “Contributions”.
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