serious discussions have been resumed. i think the 41 letter last week indicating that republicans wanted to see serious negotiations occur rather than political sparring has worked at least for the short term and we re hopeful that democrats and republicans on the banking committee plus those involved on the agriculture committee on the derivatives piece can come together and give us a bipartisan, truly bipartisan bill we can move across the floor of the senate. majority leader reid s office today dismissing senator mcconnell s claim that it was his letter that restarted negotiations. the statement reading in part, really, senator? are you sure it isn t the blistering criticism you re receiving from closed-door meetings from wall street executives or members of your own party are not buying your message? that an obvious reference to bob corker of tennessee seeming to be of two minds, on one hand
serious discussions have been resumed. i think the 41 letter last week indicating that republicans wanted to see serious negotiations occur rather than political sparring has worked at least for the short term and we re hopeful that democrats and republicans on the banking committee plus those involved on the agriculture committee on the derivatives piece can come together and give us a bipartisan, truly bipartisan bill we can move across the floor of the senate. majority leader reid s office today dismissing senator mcconnell s claim that it was his letter that restarted negotiations. really, senator? are you sure it isn t the blistering criticism you re receiving from closed-door meetings from wall street executives or members of your own party are not buying your message? that an obvious reference to
regulation does is help the big guys and hurt the small guys. okay? this derivatives piece, it doesn t hurt wall street. you ve got to be kidding me. thank you for saying this. seriously. who owns the clearinghouses? the fact is that it s the end users. it s those guys out there in iowa, in kansas, and it s our community bankers across the country that we need to be concerned about with this regulation. when this bill passes, the only thing that s going to happen is the large firms that exist are going to get larger. so all i m saying is, the hypocrisy of this administration but senator, why are we not hearing from other republicans, then, who are proposing a new bill that has all of these harsher and stronger standards that you re talking about? well, here s what i would say in response. i m responding to the fact that the administration is trying to make this a bill about wall
discussions have resumed. i think the 41 letter last week indicating that republicans wanted to see serious negotiations occur rather than political sparring has worked at least for the short term and we re hopeful that democrats and republicans on the banking committee plus those involved on the agriculture committee on the derivatives piece can come together and give us a bipartisan, truly bipartisan bill we can move across the floor of the senate. majority leader reed s office dismissing senator mcconnell s claim his letter restarted negotiations. really, senator? are you sure it isn t the blistering criticism you re receiving from closed door meetings from wall street executives or members of your own party are not buying your message. bob corker on the one hand accusing his party of misrepresenting the democrats bill as well as having moved the