Politics

Lincoln, Chief Architect of Massacre?

By guest blogger Tiffiniy Cheng, co-founder of "A New

UPDATE: The only thing with teeth left in the Dodd bill -- an amendment introduced by Arkansas Senator Blanche Lincoln that would force the biggest banks to spin off their swaps (or derivatives) desks into separate entities -- is going to be taken out without even getting a vote. It's probably going to be stripped out via a Dodd "manager's amendment," which is being created privately in negotiations with Senators Blanche Lincoln (D-Arkansas), Richard Shelby (R-Alabama) and likely dozens of bank lobbyists. A manager's amendment is a package of numerous individual amendments agreed to by both sides in advance.

Right now is an important moment to call Senator Lincoln's office and tell her to defend her original language to cut federal support for banks' swap desks. You can reach her office at (202) 224-4843.

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Full post as published by PR Watch on May 19, 2010 (boomark / email).