Ag News
Financial Reform
Mon, 24 May 2010 5:45:17 CDTNow that financial reform
has passed the U.S. Senate the legislation could move quickly through a
House-Senate conference committee - as House Financial Services Chairman Barney
Frank says he aims to complete that task in short order. He even predicted the
President will sign the bill before the Fourth of July. But - key issues remain
unresolved - including Senate Ag Chair Blanche Lincoln‘s derivatives
provision.
style="FONT-FAMILY: arial; FONT-SIZE: 10pt">President Obama has stated Wall
Street reform will bring greater security to folks on Main Street - to families
who are looking to buy their first car or their first home; to taxpayers, who
shouldn‘t have to pay for somebody else‘s irresponsibility. Still the bill has
its supporters and detractors. Financial and business groups call the bill
flawed. And Senate Minority Leader Mitch McConnell asks how you explain to the
average American that a bill that was meant to rein in Wall Street can be
supported by Goldman Sachs and Citigroup but opposed by car dealers, dentists,
florists, furniture salesman, plumbers, credit unions and community
banks.
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