Brown ‘Likes What He Sees’ on FinReg
Speaking on a Massachusetts local television news broadcast, Sen. Scott Brown (R-Mass.) indicated that he’s leaning towards voting yes on financial regulatory
Jul 31, 202086.3K Shares3.7M Views
Speaking on a Massachusetts local television news broadcast, Sen. Scott Brown (R-Mass.) indicated that he’s leaning towards voting yes on financial regulatory reform. “I’m going to be making a decision soon, but I’m liking what I see,” Brown said.
Brown forced a reopening of the conference committee to make last-minute changesto the bill — taking the cost of implementation away from big banks and hedge funds, and charging it to the Treasury’s Troubled Asset Relief Plan and all FDIC-insured banks. He annoyedDemocrats, to say the least, by then decliningto sign on. The Senate intended to move the bill before the July 4 recess, but Brown’s maneuver pushed the vote until mid-July.
Speaking with the local station, Brown defended the dropping of the $19 billion tax, saying banks would pass the costs on to consumers: “It’s money that’s already in the system. If people think that the banks are just going to write a check for $19 billion, they’re wrong. They’re going to pass it off to the checking account, and the ATM users, and the people getting loans.”
“Bipartisanship, by the way, is a two-way street. While I voted about 30 percent of the time with the Democrats now, not one Democrat has voted with me,” Brown said. He also indicated he would not vote for deficit-funded unemployment benefits extensions.
Dexter Cooke
Reviewer
Dexter Cooke is an economist, marketing strategist, and orthopedic surgeon with over 20 years of experience crafting compelling narratives that resonate worldwide.
He holds a Journalism degree from Columbia University, an Economics background from Yale University, and a medical degree with a postdoctoral fellowship in orthopedic medicine from the Medical University of South Carolina.
Dexter’s insights into media, economics, and marketing shine through his prolific contributions to respected publications and advisory roles for influential organizations.
As an orthopedic surgeon specializing in minimally invasive knee replacement surgery and laparoscopic procedures, Dexter prioritizes patient care above all.
Outside his professional pursuits, Dexter enjoys collecting vintage watches, studying ancient civilizations, learning about astronomy, and participating in charity runs.
Latest Articles
Popular Articles