Remember all the hoopla when the Wall Street reform conference committee reached a deal at 5:39 a.m. last Friday. Yeah, that was a big deal. Except, it wasn't. The Senate doesn't have the votes to pass the conference committee bill, so the House and Senate are going back to the negotiating table.
Chris Bowers has been tracking the developments.
Via The Hill, it's pretty clear that President Scott Brown (having usurped the title from President Olympia Snowe, for the time being anyway) is calling the shots:
Senate and House conferees on Wall Street reform are reconvening Tuesday because of Republican objections to $19 billion in fees that would be placed on big financial firms.Brown is the beneficiary of hundreds of thousands in campaign contributions from bankers. Money well spent by the bankers because he's doing their bidding.
The meeting follows Sen. Scott Brown's (R-Mass.) letter to the chairmen of the conference committee on Tuesday, in which he said he would oppose the Wall Street overhaul bill as it stands.
It's classic. The anti-establishment teabaggers claimed to elect Brown -- but he's doing the work of the Wall Street establishment now that he's here in DC.
Brown, like most GOPers, is for sale to the highest bidder -- and Wall Street pays way more than the teabaggers.
