| Submit your comments on this article |
| Home Front: Politix |
| Sanders Blocks Vote to Confirm Gensler as CFTC Chair |
| 2009-03-24 |
| U.S. Senator Bernie Sanders said he is blocking a Senate vote on the nomination of Gary Gensler to be chairman of the Commodity Futures Trading Commission because of Gensler's past support for deregulation. Sanders, a Vermont independent, said today in an e-mailed statement that Gensler had worked to deregulate electronic energy trading and exempt from regulation credit default swaps, which Sanders blamed for the downfall of American International Group Inc. "At this moment in our history, we need an independent leader who will help create a new culture in the financial marketplace and move us away from the greed, recklessness and illegal behavior which has caused so much harm to our economy," Sanders said. He usually votes with the Democratic majority. Jim Manley, a spokesman for Senate Majority Leader Harry Reid, a Nevada Democrat, said that the Obama administration "is trying to overcome objections." Such holds are an informal device in which senators ask their party leaders to delay action on a bill or nomination, according to a Congressional Research Service report. It is up to the majority leader to decide how long the request will be honored, the report said. "There is always horse-trading going on," said Tyson Slocum, director of energy programs for Public Citizen, a group that has pushed for more regulation. "I definitely think there is potential either to address Sanders' concerns, or simply to override him," said Slocum, whose group supports Gensler. |
| Posted by:Fred |
| #2 "There is always horse-trading going on," said Tyson Slocum, director of energy programs for Public Citizen, a group that has pushed for more regulation. "I definitely think there is potential either to address Sanders' concerns, or simply to override him," said Slocum, whose group supports Gensler. Careful there, Bernie. Looks like one of your fellow moonbats might have you put on some "enemy of THE PEOPLE" list. And wouldn't that be embarrassing... |
| Posted by: tu3031 2009-03-24 13:44 |
| #1 Sanders, a Vermont There, fixed. |
| Posted by: Jack is Back! 2009-03-24 13:33 |