Robert Kuttner, co-founder and co-editor of The American Prospect, recently wrote this piece for The Huffington Post. Here, he talks about how there may soon be another bump in the road toward financial reform, as several key Republican supporters have “gone wobbly” under the influence of banking lobbyists. Here is an excerpt:
The financial reform bill that passed both houses of Congress was far less than we needed. But it was a start — enough of a start that the bankers have spent tens of millions trying to kill it. And now, with the House-Senate conference version of the bill coming back to Senate for final approval, the reform is in jeopardy yet again.