Dear Walt,
The Democrats called. We want our (D-ID) back:
Backers of President Obama's cornerstone financial regulatory reform proposal pushed back Monday against the Blue Dog Coalition, which is promoting a counter-proposal to the Consumer Financial Protection Agency in the House Financial Services Committee.
The proposal, being championed by Blue Dog Walt Minnick (D-Idaho) and reported in Monday's Politico, would create a "council" consisting of regulatory agencies that would make suggestions to Congress regarding what abusive practices might need to be curtailed. Minnick told Politico that Committee Chairman Barney Frank (D-Mass.) was open to it.
"As soon as I saw the story, I called Minnick and said, 'You've really gotta retract it,'" Frank told HuffPost, saying he was "absolutely opposed" to the proposal and told Minnick as much when they spoke about it last week. A Minnick spokesman didn't return a call. read more »