« You should save to the point of discomfort and maybe beyond | Main | Long holding homeowners, not flippers, reassure would-be homebuyers »

Shelby, Senate Banking Committee vs Volcker rule

Shelby, the ranking Republican on the Senate Banking Committee, has already signaled that he'll fight the Obama administration's push for a "Volcker rule" to rein in too-big-to-fail financial behemoths. The conservative message guru Frank Luntz has drafted a memo instructing G.O.P. legislators on how to defeat a new Consumer Financial Protection Agency while camouflaging themselves as populist foes of the very banks and credit card companies that that agency would regulate. That's a neat trick -- Luntz's nonpolitical clients include Merrill Lynch and American Express -- and it helps explain why Wall Street is now tilting its contributions to Congressional Republicans for 2010.

Reblog this post [with Zemanta]

Palin's Cunning Sleight of Hand
Published: February 14, 2010
Republicans are getting away with their populist masquerade, and Democrats are not convincing the country that they offer anything better.


TrackBack URL for this entry:

Post a comment

(If you haven't left a comment here before, you may need to be approved by the site owner before your comment will appear. Until then, it won't appear on the entry. Thanks for waiting.)