GOP says not opposed to financial overhaul
WASHINGTON — A top House Republican says lockstep GOP opposition to a Senate effort to begin debating a bill revamping financial regulations does not mean his party opposes an overhaul.
Senate Democratic leaders are expected to try starting debate today on the overhaul legislation, which will require 60 votes. Senate Republican leaders have said all 41 GOP senators will vote against the move, which would block the start of debate.
California Republican Rep. Darrell Issa maintains 41 “no” votes by Senate Republicans “is a yes vote to more comprehensive reform, more balanced reform.”
Speaking on CBS News’ “The Early Show,” Issa said the bill does not do enough to restrain Fannie Mae and Freddie Mac, the giant lenders that lost billions in bad loans.
To sign up for Mississippi Business Daily Updates, click here.
Top Posts & Pages
- Warden who lives hundreds of miles from jail resigns
- Jail kitchen supervisor pleads guilty to stealing food
- BankPlus recognized for alternative program to payday lending
- Top 10 finalists chosen for C Spire Conerly Trophy
- (UPDATE) Gov. Bryant: $1.2 billion aluminum plant is a very exciting proposition for the state of Mississippi
- Analyst: KiOR Columbus plant may end up sold as scrap
- Ex-MDEQ leader Fisher joins Butler Snow
- State’s new banking chief Charlotte Corley has deep roots in the business
- Stricklin: Deer parasites don't affect quality of venison