• We are united in our opposition to the partisan legislation reported by the Senate Banking Committee. As currently constructed, this bill allows for endless taxpayer bailouts of Wall Street and establishes new and unlimited regulatory powers that will stifle small businesses and community banks.
• A letter from all GOP Republicans to Harry Reid • Making it clear that the party will again be the Party of No when it comes to financial reform. Because, hey, it worked out for them last time. Obama, by the way, says he won’t pass a bill that doesn’t do something to hold back the onslaught of derivatives. Blanche Lincoln is working on adding teeth to the bill. source

Posted by Ernie Smith • Permalink