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Who’s Trying to Kill “Wall Street Reform”?

While the GOP is working to get financial reform right, Obama and Reid have decided it’s politically advantageous to not have a bill at all
SENATE MAJORITY LEADER HARRY REID (D-NV) LAST WEEK: "If a single Republican is not willing to join with us, there will be no Wall Street reform … Republicans will have killed Wall Street reform." (Alexander Bolton, The Hill)

Senate Republicans have been working in a bipartisan fashion to get financial reform right, imploring Senate Democrats not to rush it through The Dems are willing to have no financial reform bill at all in order to blame Republicans in the fall "Senate Majority Leader Harry Reid (D-Nev.) has decided to play a game of political chicken with Senate Republicans, daring them to kill a Wall Street reform bill.” (Alexander Bolton, The Hill) “A senior Democratic aide said a failed voted would benefit Democrats politically in a tough election year… ‘We’ll be able to hit them the rest of the year on this.’” (Alexander Bolton, The Hill)

AND IT'S OBAMA WHO SHOT DOWN BIPARTISAN NEGOTIATIONS 3 TIMES IN THE LAST 3 MONTHS FEBRUARY: White House pulled Sen. Chriss Dodd (D-CT) away from negotiation with Sen. Richard Shelby (R-AL)
Dodd and Shelby were in talks “that have dragged on for more than a year over tightening oversight of banks and capital markets ...[Sen.] Gregg said he believes Dodd and Shelby had an agreement on consumer protection before talks broke off. 'If the White House hadn't sort of pulled back the Democratic membership on that issue, we could all go forward in a bipartisan way.'" (Kevin Drawbaugh, Reuters)

MARCH: White House pressured Dodd to abandon bipartisan negotiations with Sen. Bob Corker (R-TN)
"Corker said negotiations were on 'the 5-yard line' and blamed politics ... for complicating the talks ... 'There is no question that White House politics and healthcare have kept us from getting to the goal line,' ..." (Silla Brush, The Hill)

APRIL: Sens. Blanche Lincoln (D-AR) and Saxby Chambliss (R-GA) were nearing a bipartisan deal on derivatives until the “White House raised objections to a potential compromise”
"White House officials have raised objections to a potential compromise between Democrats and Republicans on the Senate Agriculture Committee regarding rules governing derivatives trading ... The pressure from the White House and Treasury Department could complicate the broader congressional effort to rework financial regulation, as it could derail a bipartisan deal." (Damian Paletta, The Wall Street Journal,)

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