Saturday, February 13, 2010

Progress On Finance Reform Can Be Made Without Dick Shelby

Jim Puzzanghera of the Los Angeles Times has a moderately encouraging story on finance reform legislation trying to make it out of the Senate Banking Committee but stalled because of Dick Shelby's personal policy of obstructing any progress made on the issue.  The foot-dragging and inaction by Republican Dick Shelby is probably due to the fact Dick has received $502,150 from the finance industry (10th highest in ALL of Congress, see here).

But, the good news is one of Shelby's cohorts Senator Bob Corker of Tennessee has decided maybe the Republicans obstruction on banking reform is not good P.R. for the Republican party.  He has decided to work with Senator Christopher Dodd on the issue to try to break the "impasse".  Details at the LATimes.

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