Special Committee on Financial Regulation Likely


	Special Committee on Financial Regulation Likely

Brian Wingfield

10-21-2008 2:01 PM

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tags:

congress, financial regulation, barney frank

Brian Wingfield says:

What to do in a crisis? Form a special committee. That's Congress' usual way of dealing with important matters. Don't expect the path to new financial regs to be short.

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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/bf9c8836-e809-4157-9243-dbc0ce4807d0/1C8F215D-20DB-4573-BD68-C380C4F52D16/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://www.cqpolitics.com/wmspage.cfm?docID=cqmidday-000002977383" href="http://www.cqpolitics.com/wmspage.cfm?docID=cqmidday-000002977383" style="font-size: 11px;">www.cqpolitics.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.cqpolitics.com/wmspage.cfm?docID=cqmidday-000002977383"><H1 class="headline-story">Select Committee Likely to Guide Overhaul of Financial Regulations</H1></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.cqpolitics.com/wmspage.cfm?docID=cqmidday-000002977383"><P>House leaders will likely form a select committee to explore a rewrite of the regulatory structure that governs the financial industry, Rep.  <A href="http://www.cqpolitics.com/wmspage.cfm?docID=profile-000000000217">Barney Frank</A> , D-Mass., said Tuesday.</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.cqpolitics.com/wmspage.cfm?docID=cqmidday-000002977383"><P>“I think that’s probably going to happen,” said Frank, chairman of the Financial Services Committee, during a break in a hearing by the panel.</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.cqpolitics.com/wmspage.cfm?docID=cqmidday-000002977383"><P>Frank said the leaders of his committee — as well as those from the Oversight and Government Reform, Agriculture and Ways and Means panels — would be among the members of such a committee. </P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.cqpolitics.com/wmspage.cfm?docID=cqmidday-000002977383"><P>“The one thing I’m determined to do is not fight about turf,” Frank said.</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.cqpolitics.com/wmspage.cfm?docID=cqmidday-000002977383"><P>The issue of a select committee came up as Democrats and Republicans on the Financial Services panel began staking out their positions and probed financial experts on an expected regulatory overhaul.</P></blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/1C8F215D-20DB-4573-BD68-C380C4F52D16/blog/" title="blog or email this clip"><img src="http://content8.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>

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