It's beginning to appear, though, that the White House delayed so long in getting to financial reform that it is actually going to benefit the reform crowd because lawmakers are nervous about the approaching midterm elections. The backroom deals that would ordinarily water down the bill are no longer possible. Reformers have leverage again. As one financial lobbyist told the Washington Post,
You've got an environment, six months before an election, where politicians are acting like politicians. They are viewing any vote as a potential campaign ad. And that might not be good for any of us.Speak for yourself, buddy.
This article available online at: