{"id":439902,"date":"2010-03-17T11:09:24","date_gmt":"2010-03-17T15:09:24","guid":{"rendered":"http:\/\/blogs.wsj.com\/economics\/2010\/03\/17\/sanders-raises-concerns-on-dodds-banking-bill\/"},"modified":"2010-03-17T11:09:24","modified_gmt":"2010-03-17T15:09:24","slug":"sanders-raises-concerns-on-dodd%e2%80%99s-banking-bill","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/439902","title":{"rendered":"Sanders Raises Concerns on Dodd\u2019s Banking Bill"},"content":{"rendered":"

In a preview of what is likely to be a flurry of amendments from Democrats and Republicans on the bill to overhaul banking rules, Sen. Bernie Sanders<\/strong> (I., Vt.) on Wednesday said he would offer amendments on the Senate floor to \u0093limit credit card interest rates and discourage\u0094 secrecy at the Federal Reserve<\/strong>, two populist issues that could roil the congressional debate.<\/p>\n\n\n\n\n
\"\"<\/td>\n<\/tr>\n
Sen. Bernie Sanders (I., Vt.) (Getty Images)<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

He said he would also push to create an independent Consumer Financial Protection Agency<\/strong>, as opposed to a proposal by Senate Banking Committee Chairman Christopher Dodd<\/strong> (D., Conn.), which would put a new consumer protection division within the Fed.<\/p>\n

The White House would likely oppose most of these measures, particularly the one related to more transparency of the Federal Reserve. But clash over the Fed\u0092s transparency could lead to a messy fight on the Senate floor. Many Republicans and some Democrats have also called for more Fed scrutiny, and a similar provision championed by Rep. Ron Paul<\/strong> (R., Texas) easily passed in the House of Representatives in December.<\/p>\n

\u0093As long as the Federal Reserve is allowed to keep secrets about its loans, we will never know the true financial condition of the banking system,\u0094 Mr. Sanders said. \u0093The lack of transparency could lead to an even bigger crisis in the future.\u0094<\/p>\n

<\/img><\/a>
\n<\/img><\/a><\/p>\n

\n<\/img><\/a> <\/img><\/a> <\/img><\/a> <\/img><\/a>\n<\/div>\n

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

In a preview of what is likely to be a flurry of amendments from Democrats and Republicans on the bill to overhaul banking rules, Sen. Bernie Sanders (I., Vt.) on Wednesday said he would offer amendments on the Senate floor to \u0093limit credit card interest rates and discourage\u0094 secrecy at the Federal Reserve, two populist […]<\/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-439902","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/439902","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=439902"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/439902\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=439902"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=439902"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=439902"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}