{"id":6221,"date":"2010-06-30T12:56:48","date_gmt":"2010-06-30T17:56:48","guid":{"rendered":"http:\/\/blogs-devl.bu.edu\/bunow\/?p=6221"},"modified":"2011-01-20T14:03:02","modified_gmt":"2011-01-20T19:03:02","slug":"brown-gets-reform-bill-changed","status":"publish","type":"post","link":"https:\/\/blogs-devl.bu.edu\/bunow\/2010\/06\/30\/brown-gets-reform-bill-changed\/","title":{"rendered":"Brown gets reform bill changed"},"content":{"rendered":"<p><img loading=\"lazy\" class=\"alignleft size-thumbnail wp-image-6222\" src=\"http:\/\/blogs-devl.bu.edu\/bunow\/files\/2010\/06\/Scott_Brown-150x150.jpg\" alt=\"Scott_Brown\" width=\"90\" height=\"90\" \/>By threatening to withhold his vote for the final compromise, Massachusetts<a href=\"http:\/\/www.gop.com\/\"> GOP<\/a> U.S. Senator <a href=\"http:\/\/scottbrown.senate.gov\/public\/\">Scott Brown<\/a> (l.) got the Democratic negotiators on the financial regulatory reform bill to <a title=\"delete\" href=\"http:\/\/www.google.com\/hostednews\/ap\/article\/ALeqM5g7ffRdswXTlfgaQS0FCOZmrvbwcAD9GL9AEO0\" target=\"_blank\">delete<\/a> a $19 billion fee on large financial institutions to cover costs of implementing the new law.\u00a0 <a href=\"http:\/\/bu.edu\/law\">Law<\/a> Professor <a title=\"Cornelius Hurley\" href=\"http:\/\/www.bu.edu\/law\/faculty\/profiles\/bios\/banking\/hurley.html\" target=\"_blank\">Cornelius Hurley<\/a>, director of the <a title=\"Morin Center for Banking and Financial Law\" href=\"http:\/\/www.bu.edu\/law\/morincenter\/\" target=\"_blank\">Morin Center for Banking and Financial Law <\/a>and a former counsel to the<a href=\"http:\/\/www.federalreserve.gov\/\"> Fed Board of Governors<\/a>, says the Dems missed the boat by labeling the charge a &#8220;tax,&#8221; making it vulnerable to read-meat ideological attacks.<\/p>\n<p><em>\u201cPure and simple, their charge should be labeled for what it is &#8212; a return of the subsidy that taxpayers bestow on the too-big-to-fail banks every day by pledging to their creditors and depositors that if the big banks go bust we collectively will pick up the tab.\u00a0 Senator Brown would have a difficult time refuting this framing of the discussion.\u201d<\/em><\/p>\n<p>Contact Cornelius Hurley, 617-353-5427, <a href=\"mailto:ckhurley@bu.edu\">ckhurley@bu.edu<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>By threatening to withhold his vote for the final compromise, Massachusetts GOP U.S. Senator Scott Brown (l.) got the Democratic negotiators on the financial regulatory reform bill to delete a $19 billion fee on large financial institutions to cover costs of implementing the new law.\u00a0 Law Professor Cornelius Hurley, director of the Morin Center for [&hellip;]<\/p>\n","protected":false},"author":114,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[4491],"tags":[2890,3244,3199,2484,1918,589,3296,577,1286,2842,2936,2958,2708,3295,2895],"_links":{"self":[{"href":"https:\/\/blogs-devl.bu.edu\/bunow\/wp-json\/wp\/v2\/posts\/6221"}],"collection":[{"href":"https:\/\/blogs-devl.bu.edu\/bunow\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blogs-devl.bu.edu\/bunow\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blogs-devl.bu.edu\/bunow\/wp-json\/wp\/v2\/users\/114"}],"replies":[{"embeddable":true,"href":"https:\/\/blogs-devl.bu.edu\/bunow\/wp-json\/wp\/v2\/comments?post=6221"}],"version-history":[{"count":6,"href":"https:\/\/blogs-devl.bu.edu\/bunow\/wp-json\/wp\/v2\/posts\/6221\/revisions"}],"predecessor-version":[{"id":7680,"href":"https:\/\/blogs-devl.bu.edu\/bunow\/wp-json\/wp\/v2\/posts\/6221\/revisions\/7680"}],"wp:attachment":[{"href":"https:\/\/blogs-devl.bu.edu\/bunow\/wp-json\/wp\/v2\/media?parent=6221"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blogs-devl.bu.edu\/bunow\/wp-json\/wp\/v2\/categories?post=6221"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blogs-devl.bu.edu\/bunow\/wp-json\/wp\/v2\/tags?post=6221"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}