Tuesday, March 08, 2011
Financial Services Committee Chairman (!) Spencer Bachus addressed the Institute of International Bankers, offering tips on how they might best accomplish their agenda on the Hill, Shahien Nasiripour reports. Undoing swipe fee reform won't get past Dick Durbin in the Senate, he advised, but they might succeed in stripping Elizabeth Warren's power to run the consumer protection bureau and replace her with a commission -- ideal for getting nothing done. "I think the Senate and House could come to an agreement to form a commission" to run the CFPB, Bachus said.