Financial Reform Bill Senate Conferees

The Hills is reporting the Senate Conferees for the Financial reform bill committee conference have been chosen.

They are:

Chris Dodd (D-Conn.) will be joined by committee members Sens. Tim Johnson (D-S.D.), Jack Reed (D-R.I.), Charles Schumer (D-N.Y.), Richard Shelby (R-Ala.), Bob Corker (R-Tenn.), Mike Crapo (R-Idaho) and Judd Gregg (R-N.H.).

Senate Agriculture Committee Chairwoman Blanche Lincoln (D-Ark.) will be joined by panel members Sens. Patrick Leahy (D-Vt.), Tom Harkin (D-Iowa) and Saxby Chambliss (R-Ga.).

The House has recommended conferees. They are, with Barney Frank:

House Speaker Nancy Pelosi (D-Calif.) that Rep. Carolyn Maloney (D-N.Y.), chairwoman of the Joint Economic Committee and a senior member on the financial panel, be named a conferee alongside the six subcommittee chairs.

The subcommittee chairmen are Democratic Reps. Paul Kanjorski (Pa.), Mel Watt (N.C.), Luis Gutierrez (Ill.), Maxine Waters (Calif.), Gregory Meeks (N.Y.) and Dennis Moore (Kan.)

We're screwed. This does not look promising. At least Senator Blanche Lincoln will be there to defend her derivatives reform, the section of the bill most under attack by Lobbyists.

But many of these Senators are our bought and paid for's by these very lobbyists. Same situation with the House. Gets worse, Barney Frank has seemingly publicly announced his plan to rip out derivatives reform from the bill.

See conference committee - where lobbyists attack bills and what next on financial reform for more details on the conference committee process and how bills (which are already way too weak and look like Swiss cheese) can be weakened further.

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