Lincoln’s Win: Support for Derivatives Plan May Firm Up

[jefferson_dem]

Lincoln’s Win: Support for Derivatives Plan May Firm Up
By Damian Paletta

It’s unclear what Sen. Blanche Lincoln’s victory in the Arkansas Democratic primary will mean for the details of the financial overhaul bill, but it certainly means she will remain a powerful lawmaker in the coming weeks.

Many bankers had assumed she would lose her primary. And that, they hoped, would allow lawmakers negotiating a final bill to ditch a provision she wrote that could force banks to spin off derivatives. It’s in the bill that passed the Senate, but not the one that passed the House.

With her political stock potentially rising and a seat on the conference committee to finalize details of the bill, she will be in a powerful perch in the days ahead. In fact, her derivatives provision might just have helped her win her primary, so it’s doubtful she’ll be looking to shed it.

Her victory might encourage more Democrats to support the provision as a way to send a message to Wall Street that resonates with voters.

http://blogs.wsj.com/washwire/2010/06/08/lincolns-win-support-for-derivatives-plan-may-firm-up/?utm_source=twitterfeed&utm_medium=twitter&utm_campaign=Feed%3A+wsj%2Fwashwire%2Ffeed+%28WSJ.com%3A+Washington+Wire%29

[Hawkeye-X]

1. No, she won because Halter was disenfranchised.

Period.

[DJ13]

2. I wouldnt bet on that

Her bill was nothing more than campaign PR, and I bet it dies without her saying much to keep it alive.

[harun]

5. I think she put that in there just for the campaign. She will yank it now.

[Bryn]

3. Lincoln's Victory? Oh, don't me me laugh

I live here in Garland County where DCLs fixed the system to rob Halter of votes. Normal 42 voting places were reduced to just *ONE* in the city of Hot Springs alone and another *ONE* at approx. 40 minutes away from city called Hot Springs Village, a gated community. The city of Hot Springs alone is *BIG* so it was a mess. Many of Halter supporters couldn't make it, they were turned away from early voting. See www.bluearkansasblogs.com

This is the biggest joke I've ever seen in my life. Criminals are running the country.

[iamthebandfanman]

4. yep.

party is becoming irrelevant.