He Should Have Stuck With the Truck

http://www.futureofcapitalism.com/2010/05/scott-brown-financial-reform-vote

The Senate financial reform bill passed only after the newly elected Republican senator from Massachusetts, Scott Brown, issued a statement warning about financial institutions "that did not contribute to the financial crisis, but would be crippled by the current legislation and in turn would result in job losses." Mr. Brown then, strangely enough, voted to move ahead with the legislation, reportedly based on assurances that it would be improved after passage in conference negotiations with the House. The Boston Globe reports Mr. Brown changed his mind and his vote "during a 40-mile bike ride he went on this morning with Senator John Kerry."

by Ira Stoll  |  May 20, 2010 at 9:12 pm Related Topics:  Capital Markets Regulation, Politics receive the latest by email: subscribe to the free futureofcapitalism.com mailing list