{"id":308357,"date":"2010-02-11T13:43:12","date_gmt":"2010-02-11T18:43:12","guid":{"rendered":"http:\/\/blogs.wsj.com\/economics\/2010\/02\/11\/dodd-corker-share-views-on-new-financial-regulation-talks\/"},"modified":"2010-02-11T13:43:12","modified_gmt":"2010-02-11T18:43:12","slug":"dodd-corker-share-views-on-new-financial-regulation-talks","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/308357","title":{"rendered":"Dodd, Corker Share Views on New Financial Regulation Talks"},"content":{"rendered":"

Senate Banking Committee<\/strong> Chairman Christopher Dodd<\/strong> (D., Conn.) and Sen. Bob Corker<\/strong> (R., Tenn.) spoke separately with the Wall Street Journal Thursday about their new agreement to negotiate directly over new rules to regulate financial markets. This came less than a week after Mr. Dodd said he had reached an \u0093impasse\u0094 with the panel\u0092s ranking Republican, Richard Shelby<\/strong> of Alabama. Mr. Dodd said he asked Mr. Corker on Tuesday night if he wanted to negotiate directly, and that Mr. Corker said he wanted to think about it. The two met Wednesday — in the blizzard on Capitol Hill — and agreed to start discussions.<\/em><\/p>\n


\nDodd interview:<\/strong><\/p>\n

What does this agreement with Corker mean?<\/strong><\/p>\n

Dodd:<\/strong> \u0093It\u0092s a real positive shot. Over the 30 years in the Senate, in every major effort I\u0092ve been involved in, I\u0092ve always felt it was important substantively and politically to have a partner on the other side\u0085Bob Corker has expressed a real interest in the subject matter. I say this respectfully about my friend Dick Shelby \u0096 people have different perspectives\u0085I sort of felt we weren\u0092t getting anywhere. Things had stalled\u0085We were stalled, we weren\u0092t getting from the talking points to drafting and putting a bill together\u0085There has to be a willingness on the other side\u0085or it\u0092s the sound of one hand clapping, and nothing happens except a lot of speeches and a lot of fingerpointing\u0085I\u0092m excited about Bob Corker willing to take on this job. I admire his courage and willingness to step up.\u0094<\/p>\n


\nDo you think Sen. Corker has the ability to bring other Republicans with him?<\/strong><\/p>\n

Dodd:<\/strong> \u0093I think if we do our jobs and do a good job there will be others who will want to join our effort.\u0094<\/p>\n

Can differences be bridged on consumer issues?<\/strong><\/p>\n

Dodd:<\/strong> \u0093I believe so, and we\u0092re probably not to do it to the satisfaction of anybody. To some it may be too strict, to others not strict enough\u0085At the end of the day, Bob and I and other members of the committee have to put a bill together\u0085we\u0092re going to write a bill together which is the only way this process works.\u0094<\/p>\n


\nSen. Corker interview:<\/strong>
\n
\nHow did this come together?<\/strong>
\n
\nCorker:<\/strong> \u0093We had talked the night before on the phone. I wanted to think about\u0085what framework I felt would be constructive. We met at 2 or 2:30 [p.m.] and agreed that we would try to negotiate a bipartisan financial reform bill. I called the Republican leadership immediately to let them know of my plans. Our staffs met yesterday by conference call\u0085who knows if we\u0092ll be successful. Obviously this puts me in a little bit of an awkward place, but I do think that financial regulation is something that needs to be dealt with.\u0094<\/p>\n

What will be some of the goals?<\/strong><\/p>\n

Corker:<\/strong> \u0093I think every American wants us to have a resolution mechanism in place, so it\u0092s not in the situation again where citizens across this country are bailing out a large institution. I don\u0092t think that\u0092s something that meets anybody\u0092s standards\u0085At the very minimum we need to do that\u0085Obviously there are some issues surrounding derivatives. There are some issues we are going to have to deal with on consumer protection. That has to be done with an appropriate balance\u0085That will probably be the toughest issue\u0085In business I used to always leave the stickiest issues to last. Let\u0092s figure out what we agree upon first. Let\u0092s build some trust among members.\u0094<\/p>\n

How do you think the reaction will be among other Republicans on the committee?<\/strong><\/p>\n

Corker:<\/strong> \u0093I think that members of the committee know that I\u0092m sound philosophically. I think they know that\u0085I don\u0092t know what the response is going to be. We\u0092ll see how that plays out.\u0094<\/p>\n

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<\/p>\n","protected":false},"excerpt":{"rendered":"

Senate Banking Committee Chairman Christopher Dodd (D., Conn.) and Sen. Bob Corker (R., Tenn.) spoke separately with the Wall Street Journal Thursday about their new agreement to negotiate directly over new rules to regulate financial markets. This came less than a week after Mr. Dodd said he had reached an \u0093impasse\u0094 with the panel\u0092s ranking […]<\/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-308357","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/308357","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=308357"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/308357\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=308357"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=308357"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=308357"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}