Corker is the problem in getting a bill out of the Banking Committee. We’re non-partisan here at AWNF, but so far Republicans have shown no real interest in bank reform. I guess they love socializing the risk of failing corporations after all.
Obstructionists instead of real proposals in Senate. Donny Shaw, Zephyr Teachout, Franz Hartl and I are at the first ever Break up the Banks conference and the first ever Too-big-to-fail conference. People in this conference have more ideas. Follow our tweets or facebook for updates.
One of the two main Republican negotiators Dodd had been working with in recent weeks had a different take, however. Bob Corker, R-Tenn., blamed the breakdown on pressure to get a bill through the committee before the Senate starts a final push for health care overhaul legislation.
“There’s no question that White House politics and health care have kept us from getting to the goal line,” Corker said.
The two sides were close to finalizing a deal on Wednesday, Corker maintained.
“Yesterday was one of the more bizarre days that I’ve experienced in the Senate. I began the day feeling like we were on the five yard line as far as finishing something that we began on Feb. 10. Never did I realize that health care would affect financial regulation,” he said.