Those who like to rag on the

artappraiser — Fri, 24 May 2013 20:20:31 +0000

In reply to Banks’ Lobbyists Help in Drafting Financial Bills

Those who like to rag on the Obama admin. as "being in the pocket of the banksters" and the like should check out "the Treasury Department" link in the above, as follows:

Lew urges committee to halt Dodd-Frank tweaks
By Peter Schroeder, The Hill, 05/06/13 05:10 PM ET

The White House is opposing a handful of bills that previously garnered bipartisan support that would alter new derivatives regulations in the Dodd-Frank financial reform law.

In a letter sent Monday, Treasury Secretary Jack Lew told House Financial Services Committee Chairman Jeb Hensarling (R-Texas) that lawmakers were jumping the gun in considering bills to alter portions of the Dodd-Frank financial reform law, which he said would weaken the landmark overhaul.

"The derivatives provisions in the Wall Street Reform Act constitute an important part of the reforms being put in place to strengthen our financial system by improving transparency and reducing risks for market participants," he wrote. "These reforms should not be weakened or repealed."

The letter comes one day before Hensarling's committee is set to vote [....]

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