On the heels of the SEC suing Goldman Sachs for fraud, key Senate Republicans are easing up on earlier harsh criticism of financial regulatory reform bills offered by the Democrats. Political science Professor Graham Wilson, author of “Only in America? American Politics in Comparative Perspective,” says the shift makes political sense.
“The political costs of being seen to block reforming the financial system that almost wrecked us could be very high. In fact, it is a tribute to the bizarre nature of the U.S. Senate that two years after the crisis that harmed millions around the world struck it is still a challenge to get any reforms enacted.”
Contact Graham Wilson, 617-353-2540, firstname.lastname@example.org