Crapo, Risch Oppose Finance Overhaul
The U.S. Senate Thursday approved changing how the federal government watches over Wall Street and other financial transactions. Idaho Sens. Mike Crapo and Jim Risch both voted against the plan, as did all but three Republicans in the Senate. The legislation now heads to President Barack Obama, who is likely to sign it into law. It would change the government’s watchdog powers in several ways. It creates a new consumer protection bureau within the Federal Reserve that monitors credit cards, home mortgages, loans, and other financial products. The protection bureau would try to prevent deceptive and abusive practices. The legislation would also allow the government to break up and liquidate large insolvent banks and financial institutions using funds from fees on those institutions, rather than taxpayer dollars/Brad Iverson-Long, Idaho Reporter. More here.
Question: Did Crapo & Risch vote your wishes in opposing the finance sector overhaul?