04/05/2010 - An overhaul of financial regulations is a good bet as President Obama, fresh from his health care victory, takes on another huge swath of the U.S. economy. “The general atmospherics has shifted in favor of a bill,” says Robert Litan, vice president of research and policy at the Kauffman Foundation.
One thing working in favor of the bill is the popular support, with polls showing almost a reverse of views on the more contentious health care bill. According to a Pew Financial Reform Project survey last month, 59% of voters said Congress and the administration should support financial reform now over other priorities. They are still seething at Wall Street over the crisis that helped send the economy into a long, deep tailspin leading to job and home losses. “There is a lot of pressure on lawmakers to get something done,” says Charles Taylor, head of the Pew Project.
Read the entire article Momentum Mounts for Financial Overhaul on the Kiplinger Web site.
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