On Wednesday's episode of Countdown With Keith Olbermann, Barney
Frank, chair of the House Financial Services Committee, took aim at
Republicans threatening to block financial regulatory reform. After
Olbermann directed some vitriol toward Senator Bob Corker for foot-dragging on
the issue of a consumer protection agency--"He cannot support it
because it gives consumers too much protection... He said this out
loud!"--Frank mounted his own warhorse.
"This is a bring-it-on
moment," Frank said. "Let's call their bluff." Should Republicans want to
defend the interests of banks over those of voters, Frank not only
invited them to make that stand; he offered to hold the negotiations in
public so the GOP can't spin the story. "I want someone to tell me an
example in American history in the financial area where we
over-regulated on behalf of consumers," Frank told Olbermann. "I can't
think of one."
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