Investment

The Song and Dance of the Financial Reform Act 

President Barack Obama sent an e-mail to me on May 22, titled “they backed down.” In it, he said “the House and Senate must iron out their differences before I can sign [financial reform] into law.” He continues: “But the financial industry will not give up. They have already spent more than $1m per member of Congress, lobbying on this issue. And in the coming days, they will go all in. This is their last shot to stall, weaken, or kill reform, and they are not accustomed to losing.” The e-mail then solicits a donation to the Democratic Party.