Parties Edge Closer on Financial Regulation Bill

Source: NYT

A top Republican on the Senate banking panel said Sunday that a deal with Democrats appeared closer on a bill that would tighten regulation of the nation’s financial system. But he also said his party was prepared to block debate until the key planks of the legislation are in place.


Democrats, sensing political advantage, set a first procedural vote for Monday afternoon, apparently calculating that some Republicans would not want to go on record as opposing the measure when much of the country is deeply disillusioned with the banks and their highly compensated executives.

Still, his conciliatory tone, while sitting alongside Senator Christopher J. Dodd of Connecticut, the committee’s ranking Democrat and sponsor of the bill, contrasted sharply with the combative posture taken in recent weeks by the party’s Senate leader, Mitch McConnell of Kentucky, who has repeatedly warned that the bill would set the stage for “endless taxpayer-financed bailouts.”



Read more: http://www.nytimes.com/2010/04/26/business/26regulate.html?hp

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Again the Republican-spoiled-children get to relent and *that* is bipartianship

scuttling along the beach to get closer to the safety of the waterline.