Folks are reporting that Sen. Bob Corker is working with Democrats to tweak government regulation of the finance industry. It pains me to hear such a disingenuous boob as Chris Dodd saying positive things about Corker, and I think Dodd is untrustworthy, and I don't think the Democrats' proffered solutions (which, as is often the case, are built upon flawed premises) won't help matters, but maybe Corker can wrest some positive changes from the majority party. After all, officials in the image-over-substance party are DESPERATE to pass something. From the article: Republican Breaks Ranks on Finance Bill - WSJ.com:
WASHINGTON—Republican Sen. Bob Corker bucked his party Thursday and began negotiations with Democrats on overhauling financial regulation.Here are some ideas as Corker endeavors to manipulate the nation's financial spine.
Winning the first-term Tennessee senator's support is perhaps the White House's best chance of passing a financial-overhaul bill this year. Democrats need one Republican to reach the 60 votes required to pass legislation in the Senate. Democrats hope Mr. Corker's support also could bring along other centrist Republicans.
Mr. Corker's involvement means the Federal Reserve could play a bigger role in any overhaul, because the senator has been less critical of the central bank than other leading Republicans. He also opposes creating a stand-alone consumer-protection agency, an idea already on life support, but might agree to propose other policies governing products such as mortgages.
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