{"id":283382,"date":"2010-02-05T14:19:35","date_gmt":"2010-02-05T19:19:35","guid":{"rendered":"http:\/\/blogs.wsj.com\/economics\/2010\/02\/05\/shelby-statement-on-regulatory-reform\/"},"modified":"2010-02-05T14:19:35","modified_gmt":"2010-02-05T19:19:35","slug":"shelby-statement-on-regulatory-reform","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/283382","title":{"rendered":"Shelby Statement on Regulatory Reform"},"content":{"rendered":"

Sen. Christopher Dodd<\/strong> (D., Conn.) said he has reached an impasse over regulatory reform with Republican counterpart on the Senate Banking Committee, Sen. Richard Shelby<\/strong> (R., Ala.). Sen. Shelby released the following statement:<\/em><\/p>\n

\u0093There are two bedrock principles on which I will not compromise: the safety and soundness of the financial system and taxpayer protection against bailouts. I fully support enhancing both consumer protection and safety and soundness regulation. I will not support a bill that enhances one at the expense of the other, however. In order to strike the appropriate balance they must be integrated with each other, not separated from each other.<\/p>\n

\u0093Consumer protection is not the only issue that remains unresolved. We must craft a resolution regime that ensures taxpayers will never again bear the losses for risks taken in the private marketplace. I will not agree to any legislation until I am satisfied this goal is also achieved.<\/p>\n

\u0093I remain hopeful that a bipartisan agreement can be reached on these and other outstanding issues, including derivatives regulation and corporate governance. I remain willing to work with Chairman Dodd to see whether that is possible.\u0094<\/p>\n

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Sen. Christopher Dodd (D., Conn.) said he has reached an impasse over regulatory reform with Republican counterpart on the Senate Banking Committee, Sen. Richard Shelby (R., Ala.). Sen. Shelby released the following statement: \u0093There are two bedrock principles on which I will not compromise: the safety and soundness of the financial system and taxpayer protection […]<\/p>\n","protected":false},"author":850,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-283382","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/283382","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/850"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=283382"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/283382\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=283382"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=283382"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=283382"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}