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: CL&P BlogMore on Financial Reform Legislation
By Brian Wolfman
We posted last night on the House's passage of the financial reform legislation. Although President Obama wanted to sign the legislation before July 4th, that won't happen because of concerns about getting 60 votes in the Senate. Today's Washington Post explains the wrangling to get the 4 or 5 Senators whose votes are not yet assured. [It's hard to believe, though, that the Senate won't get to 60.]
On a related note, Fortune magazine's senior editor at large Allen Sloane tells us why, in his view, "with a rare exception or two, th[e] 2,000-page [financial reform] bill nibbles at the toes of the problems that brought us the worldwide financial meltdown. It doesn't go for the throat -- its sponsors just pretend that it does."
Full post as published by CL&P Blog on July 01, 2010 (boomark / email).
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