Word: corkers
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...make its leaders even less eager to hand the President another big victory. For reasons of anti-regulatory ideology as well as intense pressure from banks and other business lobbies, many Republicans - and some conservative Democrats - are deeply uncomfortable with a financial crackdown in the first place. Senator Bob Corker has been the GOP's leading voice for compromise, even criticizing his own party's intransigence, but he also told me many provisions in the House bill were "crazy left," and said Obama's proposal for a modest tax on big banks reminded him of Venezuela. Really, it's hard...
...position of fun czar was created in 2004 when Zachary A. Corker ’04 was named special assistant to the dean for social programming, receiving coverage from outlets ranging from Reuters to “The O’Reilly Factor.” The role currently has the title of Campus Life Fellow...
...grannycide. But Dodd is retiring after 36 years in the Senate, and he was eager to cut a deal for the sake of his legacy. He knew he needed GOP votes, and he figured that after a catastrophic meltdown, financial reform would be less polarizing than health care. And Corker did seem to be negotiating in good faith, even if GOP leaders were clearly eager to pull the football away before Charlie Brown could kick. (See 25 people to blame for the financial crisis...
...fact, Dodd said Thursday that he's still optimistic about a consensus bill. He hinted that when he unveils his draft on Monday, it will reflect the compromises he's already made with Corker. But common sense, as well as leaks from their talks, suggest that those compromises - stripping the consumer agency of enforcement power, exempting payday lenders from new regulations, blocking any state regulations that are stricter than federal ones - would remove teeth from the bill. And perversely, that would make consensus - which is pretty unlikely anyway - just about impossible...
...basements. It would have to enforce rules as well as write them; otherwise, we'd remain dependent on the same regulators who failed us last time. And those rules would have to apply to all bank and non-bank institutions, including the payday lenders who contributed so generously to Corker's campaigns; otherwise, the loan business would simply move to the unregulated corners of the market...