"In a letter dated Thursday, Federal Reserve Bank of Dallas President Richard W. Fisher wrote Senate Agriculture Committee Chairman Blanche Lincoln in support of her measure that would significantly change the way Wall Street's financial behemoths sell and trade a type of financial derivatives product."
This is the upside of Blanche Lincoln's victory on Tuesday night. If she hadn't been primary challenged by progressives, this amendment wouldn't exist at all, and if she had lost, you can bet it would have been withdrawn on Wednesday morning. To that administration official who couldn't resist mouthing off about how much money "the unions wasted" this spring, welcome to the Democratic party.
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