Fin-Reg Finis
by digby
Apparently, improvements to the Financial Reform bill have come to a crashing halt today. Tom Carper’s "compromise" amendment to the Consumer Financial Protection bureau passed, thus weakening the bill. This was a win for the banks.
And now comes the news that the Republicans have thrown up a brick wall against Merkeley-Levin, (the Volcker rule amendment) thus ending our short-lived bipartisan spring.
They will, however, be able to go to the electorate and say they helped pass financial reform so that's good.
Dday writes, "people can stop saying 'it’s just getting better and better in the Senate' right about now." And so I have.
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