[net-gold] UNITED STATES: GOVERNMENT : LAW: LEGISLATION : BANKS AND BANKING : FINANCE: Senators Near Agreement on Financial Regulation
- From: "David P. Dillard" <jwne@xxxxxxxxxx>
- To: Net-Gold <Net-Gold@xxxxxxxxxxxxxxx>, Temple University Net-Gold Archive <net-gold@xxxxxxxxxxxxxxxxxxx>, Temple Gold Discussion Group <TEMPLE-GOLD@xxxxxxxxxxxxxxxxxxx>, Net-Gold <net-gold@xxxxxxxxxxxxxxxx>, Sean Grigsby <myarchives1@xxxxxxxxxxxxxxx>, Educator Gold <Educator-Gold@xxxxxxxxxxxxxxx>, Educator Gold <Educator-Gold@xxxxxxxxxxxxxxxx>, K12AdminLIFE <K12AdminLIFE@xxxxxxxxxxxxxxx>, Net-Platinum <net-platinum@xxxxxxxxxxxxxxx>, NetGold <netgold@xxxxxxxxxxxxxxx>, "Net-Gold @ Nabble" <ml-node+3172864-337556105@xxxxxxxxxxxxx>, K-12ADMINLIFE <K12ADMIN@xxxxxxxxxxxxxxxxxxx>, MediaMentor <mediamentor@xxxxxxxxxxxxxxx>, Digital Divide Diversity MLS <mls-digitaldivide@xxxxxxxxxxxxxxx>, net-gold@xxxxxxxxxxxxx
- Date: Sun, 25 Apr 2010 14:48:24 -0400 (EDT)
.
UNITED STATES: GOVERNMENT :
LAW: LEGISLATION :
BANKS AND BANKING :
FINANCE:
Senators Near Agreement on Financial Regulation
Senators Near Agreement on Financial Regulation
Reuters
<http://www.reuters.com/article/idUSN2516174420100425>
(Reuters) - Senators negotiating financial regulatory reform legislation
said on Sunday they were close to a bipartisan agreement, as the White
House said fraud charges against Wall Street titan Goldman Sachs
highlighted the need for reform.
Democratic Senate Banking Committee Chairman Christopher Dodd and Senator
Richard Shelby, the panel's top Republican, told NBC's "Meet the Press"
they were talking through the weekend to try to reach agreement on a bill
aimed at preventing future taxpayer bailouts of financial firms.
"We're getting there, we're close, we've got more work to do," Dodd said.
"I hope can get the votes tomorrow to start the debate."
Senate Majority Leader Harry Reid has set a procedural vote to begin
debate on a Democratic bill late on Monday. Republicans said they will
likely vote to block consideration of the bill unless a bipartisan
agreement is reached by then, but that would just delay -- not kill -- the
legislation.
Democrats would need at least one Republican to break ranks with their
leaders to get the 60 votes needed in the 100-member Senate to start
debating the bill. Closed-door talks were likely to continue well through
Monday.
"I think we're closer than we've ever been," Shelby said. "Will we get a
bill by tomorrow, I doubt it."
The broad legislative push by President Barack Obama and his fellow
Democrats comes as fraud charges against Goldman Sachs Group Inc have
thrown Wall Street and Republicans onto the defensive after months of
working to weaken Democratic reform proposals.
Goldman is battling charges by the Securities and Exchange Commission that
the firm hid vital information from investors about a subprime
mortgage-linked security.
Newly released emails sent by Goldman Sachs executives on money the firm
made by betting against risky mortgage securities are adding fuel to the
debate.
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The complete article may be read at the URL above.
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