White House Presses Congress on Financial Regulations

[SpartanDem]

The Obama administration is mounting a full-court press on Capitol Hill this week to rally support behind new financial regulations.

Democratic leaders on Tuesday said they are finishing up the legislation and expect to vote on it in November.

Treasury Secretary Timothy Geithner and two of his top lieutenants have more than 10 meetings between Tuesday and Thursday. Geithner is slated to talk on Tuesday with House Majority Leader Steny Hoyer (D-Md.) and Rep. Paul Kanjorski (D-Pa.), the No. 2 Democrat on the House Financial Services Committee.
(snip)

The effort comes a week before House Financial Services Committee Chairman Barney Frank (D-Mass.) begins to mark up key elements of the financial overhaul.

Frank is slated to hold a three-day markup next week on legislation that would create a new Consumer Financial Protection Agency (CFPA) and on a bill that would add new regulations to the multitrillion-dollar market for financial derivatives.

Frank is planning a markup the following week on legislation that would create a new federal office to monitor insurance and set up a new fiduciary duty for broker-dealers and investment advisers. The legislation would also set up new registration requirements for hedge funds and private equity firms

http://thehill.com/homenews/administration/61929-white-house-pushes-for-new-financial-regulations

[OHdem10]

1. I think we have seen the Democratic Party in Senate in Action.

They are so busy protecting BIG BUSINESS handing them a
bonanza in the HCR Bill (Baucus)---how does Obama hope
to get these members to reign in the greed through Regulation??

[Cha]

2. Good Luck Guys! The fricking forces of

assholeness are again ya but you can do it!