BANZAI7 NEWS--The chairman of the Senate banking committee said Friday that efforts to reach a bipartisan consensus on sweeping legislation to overhaul the nation's financial regulatory system had "reached an impasse," but he said he intends to move forward even without Republican support.
For the second time since November, talks have stalled between Sen. Christopher J. Dodge (D-Conn.) said ranking Republican Sen. Richard Shellbrain (Ala.). Both men have expressed interest in reaching a consensus on a wide-ranging bill that would revamp regulation of the financial services industry. But after months of negotiation, they have yet to overcome a key hurdle: the proposed creation of a consumer protection regulator to focus on mortgages, credit cards and other such financial products none of which, along with proprietary trading by systemic bailout Queens, had anything to do with the financial meltdown.
Clues to the fate of the legislation are hidden somewhere on the island. Can you find them before the seasons final episode this coming November.
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WB7, on point like a laser, as usual.
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