Financial Regulation

A bit on the new consumer protection agency +++ FinReg with Thom Hartmann and Matt Taibi

Over at My Left Nutmeg the Working Families Party is gunning to get Senator Chris Dodd to do the right thing and push for a vote on Elizabeth Warren for the new consumer protection agency (CPA):


FinReg Waits for a Signature After 60 to 39 Vote

How the Senate vote went down:

The vote was 60 to 38, with just three centrist Republicans from the Northeast joining with the Democrats in voting to advance the legislation. One Democrat, Senator Russ Feingold of Wisconsin, voted against the bill, saying it was still not tough enough. Senator Michael D. Crapo, Republican of Idaho, did not vote, and one seat — which was held by Senator Robert C. Byrd, who died last month — is vacant.

With the Senate poised to send the bill to President Obama for his signature, the White House was already planning a ceremony — sometime next week — to mark completion of another landmark piece of legislation, following the enactment of the historic health care bill in March and last year’s major economic stimulus program.

What it means financial wise and politically below.