A Curveball Alters Talks Over Reform on Wall Street

NY Times, Tuesday, February 2, 2010:

“President Obama’s proposals to tax and curb the activities of Wall Street (NY City Financial Sector) have thrown an unpredictable element into the debate over financial regulatory reform.  They also have touched off an intensive new round of lobbying and raised questions in Congess over whether his plan will add urgency or merely bog things down.”

Subheading: Obama Throws a Curve Into Talks about Wall Street:

The House has passed its own regulatory measure in December of 2009 to put new controls on businesses and financial institutions.  The Senate Banking Committee has four bipartisan groups currently working on reform.   The question is what will happen now with Obama, metaphorically speaking as a pitcher throwing a curve ball (a ball in baseball which is unpredictable and difficult for the batter to hit),   into the regulation talks.



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 )

Twitter picture

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

Facebook photo

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

Google+ photo

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

Connecting to %s

%d bloggers like this: