Sen. Blanche Lincoln (D-AR) surprised many observers today when she announced she’d introduce legislation to tightly regulate the derivatives market, as part of a broader financial regulatory reform bill. Lincoln’s one of the most conservative Democrats in the Senate, and the White House had been pressuring her not to cede too much to the GOP on the issue. In the end she not only did as they asked, she took them to task for not going far enough to regulate banks.
This is a companion discussion topic for the original entry at https://talkingpointsmemo.com/?p=127923