{"id":351732,"date":"2010-02-22T18:54:18","date_gmt":"2010-02-22T23:54:18","guid":{"rendered":"http:\/\/blogs.wsj.com\/economics\/2010\/02\/22\/geithner-calls-meeting-on-banking-rules-as-action-heats-up\/"},"modified":"2010-02-22T18:54:18","modified_gmt":"2010-02-22T23:54:18","slug":"geithner-calls-meeting-on-banking-rules-as-action-heats-up","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/351732","title":{"rendered":"Geithner Calls Meeting on Banking Rules as Action Heats Up"},"content":{"rendered":"<p>A lot of action is expected this week in the Senate \u0096 and in the Obama administration \u0096 over the White House\u0092s push for new financial rules. Senate Banking Committee Chairman Christopher Dodd (D., Conn.) told reporters Monday he hopes to bring a bill to his committee in a matter of \u0093days.\u0094<\/p>\n<p>Here\u0092s an update of news on the financial overhaul:<\/p>\n<p>1) Treasury Secretary Timothy Geithner on Thursday has called a meeting with some of the country\u0092s top business and financial trade groups \u0096 including the U.S. Chamber of Commerce, the American Bankers Association, the Independent Community Bankers of America, the Financial Services Roundtable, and the Securities Industry and Financial Markets Association. The meeting is supposed to focus a lot on the financial overhaul plan.<\/p>\n<p>2) Senate lawmakers are back after the President\u0092s Day recess. Here\u0092s some outtakes from a few caught in the hallway Monday.<\/p>\n<ul>\n<li>a. Mr. Dodd: \u0093I feel will have a good chance to produce a bipartisan bill soon, and I know you all want to know dates and times exactly, and obviously I don\u0092t know that\u0085We\u0092re not running out of time. Eventually you have to put something together and go forward. I want people to be comfortable with the product to the extent they can be, but I\u0092m very optimistic we can get a bill. A good bill\u0085We\u0092re talking about everything in the bill, of course we are\u0085I think if we can come out of committee with a bipartisan bill, the chances on the floor increase dramatically, and I believe we have a very good chance of doing that.\u0094<\/li>\n<li>b.\u00a0Sen. Richard Shelby (R., Ala.): \u0093Conceptually, we\u0092re probably very close together on all the main issues\u0085The big difference is an independent free standing consumer financial (agency). I\u0092ve always said it should be with the prudential regulator because safety and soundness is so important, otherwise you are going to have cross-purposes there\u0085Our staffs have been talking and we\u0092ll see later this week if we\u0092re moving closer together or we\u0092re moving further apart. I hope we are moving closer together\u0085We will produce at a markup an alternative to whatever is there, unless we work out something.\u0094<\/li>\n<li>c. Sen. Judd Gregg (R., N.H.): \u0093I\u0092ve been focused pretty much entirely on the issue of derivatives, and Jack Reed and I continue to work in a very constructive way on that issue. I can\u0092t speak for the other issues as a whole.\u0094 When asked about progress on the derivatives piece, he responded, \u0093I don\u0092t want to characterize it, but we\u0092re making constructive and I think positive progress.\u0094<\/li>\n<li>d. Sen. Jim Bunning (R., Ky.) was asked his thoughts about Sen. Bob Corker (R., Tenn.) breaking ranks with Republicans and working with Mr. Dodd on a potential bipartisan compromise. His response: \u0093I don\u0092t have a thought about Bob Corker. Not one thought.\u0094<\/li>\n<\/ul>\n<p><a href=\"http:\/\/feedads.g.doubleclick.net\/~at\/RSP7E9kFqx1pNkIR6vnf2WKh4Wo\/0\/da\"><img decoding=\"async\" src=\"http:\/\/feedads.g.doubleclick.net\/~at\/RSP7E9kFqx1pNkIR6vnf2WKh4Wo\/0\/di\" border=\"0\" ismap=\"true\"><\/img><\/a><br \/>\n<a href=\"http:\/\/feedads.g.doubleclick.net\/~at\/RSP7E9kFqx1pNkIR6vnf2WKh4Wo\/1\/da\"><img decoding=\"async\" src=\"http:\/\/feedads.g.doubleclick.net\/~at\/RSP7E9kFqx1pNkIR6vnf2WKh4Wo\/1\/di\" border=\"0\" ismap=\"true\"><\/img><\/a><\/p>\n<div class=\"feedflare\">\n<a href=\"http:\/\/feeds.feedburner.com\/~ff\/wsj\/economics\/feed?a=Go4CuLmC2M0:ZW1Cd0Ct9o8:yIl2AUoC8zA\"><img decoding=\"async\" src=\"http:\/\/feeds.feedburner.com\/~ff\/wsj\/economics\/feed?d=yIl2AUoC8zA\" border=\"0\"><\/img><\/a> <a href=\"http:\/\/feeds.feedburner.com\/~ff\/wsj\/economics\/feed?a=Go4CuLmC2M0:ZW1Cd0Ct9o8:F7zBnMyn0Lo\"><img decoding=\"async\" src=\"http:\/\/feeds.feedburner.com\/~ff\/wsj\/economics\/feed?i=Go4CuLmC2M0:ZW1Cd0Ct9o8:F7zBnMyn0Lo\" border=\"0\"><\/img><\/a> <a href=\"http:\/\/feeds.feedburner.com\/~ff\/wsj\/economics\/feed?a=Go4CuLmC2M0:ZW1Cd0Ct9o8:V_sGLiPBpWU\"><img decoding=\"async\" src=\"http:\/\/feeds.feedburner.com\/~ff\/wsj\/economics\/feed?i=Go4CuLmC2M0:ZW1Cd0Ct9o8:V_sGLiPBpWU\" border=\"0\"><\/img><\/a> <a href=\"http:\/\/feeds.feedburner.com\/~ff\/wsj\/economics\/feed?a=Go4CuLmC2M0:ZW1Cd0Ct9o8:qj6IDK7rITs\"><img decoding=\"async\" src=\"http:\/\/feeds.feedburner.com\/~ff\/wsj\/economics\/feed?d=qj6IDK7rITs\" border=\"0\"><\/img><\/a>\n<\/div>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/feeds.feedburner.com\/~r\/wsj\/economics\/feed\/~4\/Go4CuLmC2M0\" height=\"1\" width=\"1\"\/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>A lot of action is expected this week in the Senate \u0096 and in the Obama administration \u0096 over the White House\u0092s push for new financial rules. Senate Banking Committee Chairman Christopher Dodd (D., Conn.) told reporters Monday he hopes to bring a bill to his committee in a matter of \u0093days.\u0094 Here\u0092s an update [&hellip;]<\/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-351732","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/351732","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=351732"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/351732\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=351732"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=351732"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=351732"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}