Grassley Will Oppose Final Financial Reform Bill

https://i1.wp.com/cache.daylife.com/imageserve/01wM9pL6j58xR/610x.jpg

Senator Chuck Grassley (R-IA) “plans to vote no on a compromise banking industry regulation bill poised to clear the Senate, having supported the Senate version earlier this year, the Republican said today,” according to the Des Moines Register.

Grassley, a senior Republican, said the new version of the bill includes new spending and covers the increases by using money from the 2008 billion banking industry bailout and raising insurance fees on banks.

“It’s a bill most of Wall Street wants passed. And quite frankly, if Wall Street’s pushing for it, is it really much of a change for Wall Street?” Grassley told reporters in a conference call. “And it seems to me the last thing Iowans would expect in any real reform bill is that Wall Street would be backing it.”

(credit image – daylife/reuters)

Leave a comment

Filed under Banks, Conference Reports, Wall Street

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s