Yesterday, in a large congressional conference room, House and Senate lawmakers gathered around a table to discuss some lingering issues. One looms large: how far to go in restricting the financial product known as derivatives, which many institutions use to speculate or hedge their investment strategies.
Frank said the legislators would work through the next few days to complete their work.
The committee is trying to reconcile the differences between a House bill passed in December and a Senate bill approved last month. The Senate bill is seen as having tougher restrictions on businesses. Overall, the legislation is designed to crack down on some of the risky practices that contributed to the economic meltdown of 2008.
Why is this guy not in jail?
Don’t press Barney too hard, you might catch something nasty.