Tim Fernholz argues that if you want financial reform, you want a partisan bill:
Over the weekend, Sens. Chris Dodd and Bob Corker took a trip to Honduras and Costa Rica, visiting with political leaders and assessing the political situation after a coup disturbed Honduras’ government last year. But the more pressing issue is closer to home: Republican Corker and Democrat Dodd are enmeshed in negotiating a bipartisan bill on financial regulatory reform.
Their conversation began after Dodd, the chair of the Senate Banking Committee, gave up on discussions with the ranking Republican, Richard Shelby, concluding that their disagreements were irreconcilable. At that point, Corker jumped into the fray, offering to try to meet Dodd halfway. Dodd, who is retiring this year, is hoping to cement his legacy with bipartisan regulatory reform It’s a laudable move by Corker, a conservative Southerner, whose willingness to talk policy gives him a reputation as one of the more serious members of his party.
