[net-gold] INVESTMENT : BANKS AND BANKING : LAW: CASES : LAW: LEGISLATION : UNITED STATES: GOVERNMENT: Goldman Suit Spurs Dems' Financial Reform Bid
- 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: Tue, 20 Apr 2010 07:51:21 -0400 (EDT)
.
INVESTMENT :
BANKS AND BANKING :
LAW: CASES :
LAW: LEGISLATION :
UNITED STATES: GOVERNMENT:
Goldman Suit Spurs Dems' Financial Reform Bid
Goldman Suit Spurs Dems' Financial Reform Bid
Jim Puzzanghera,Janet Hook, Los Angeles Times
Tuesday, April 20, 2010
San Francisco Chronicle
<http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/
2010/04/20/MNV01D1270.DTL#ixzz0ldktKx1g>
A shorter URL for the above link:
<http://tinyurl.com/yyk7s42>
Emboldened by the major fraud allegations against Goldman Sachs & Co., the
Obama administration and Senate Democrats said Monday that they will push
this week for a crucial vote on a sweeping overhaul of financial
regulations, daring Republicans to block it and be labeled as caring more
about Wall Street than average Americans.
"This comes down to this basic question: Whose side are you on?" said
Senate Banking Committee Chairman Chris Dodd, D-Conn. "Are you on the side
of those who oppose this?"
Large financial institutions and some business groups, led by the U.S.
Chamber of Commerce, oppose key provisions of the legislation and have
been lobbying aggressively against it for months.
With all 41 Republicans signing a letter last week vowing to oppose the
legislation as it stands, Democrats are challenging them - particularly
moderates such as Susan Collins of Maine - to vote against bringing the
bill up for debate on Wednesday or Thursday.
<snip>
The overhaul would try to prevent future economic crises by tightening
government oversight of financial firms, regulating the complex
derivatives market for the first time, creating a new agency to protect
consumers in the financial marketplace and granting the government broad
new powers to seize and dismantle huge financial firms on the brink of
failure if their collapse would threaten the economy.
The complete article may be read at the URL above.
Sincerely,
David Dillard
Temple University
(215) 204 - 4584
jwne@xxxxxxxxxx
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