Colorado’s Sen. Bennet joins with GOP to warn about Wall St. bill
The Denver Post
U.S. Sen. Michael Bennet suddenly finds himself the darling of liberals on health care reform, but he appears more cautious on the Democrats’ other major priority for the year – imposing new regulations on Wall Street.
Within the span of a week, Bennet, D-Colo., has earned accolades from liberal bloggers for vowing to vote for health care reform even if it costs him his job, and a rebuke from his Democratic primary opponent in an area where he could have far more influence.
Bennet last week joined Republicans in warning of “unintended consequences” in the sweeping, 1,100-page bill developed by Banking Committee chairman Chris Dodd, D-Conn., which establishes a new federal super-regulator as well as a separate agency to protect consumers.
The committee’s junior Democrat, Bennet called for coming up with a bill that can win Republican support.
He raised his concerns the same day that Republicans asked for months of new hearings and discussion and warned darkly that passing financial regulatory reform in its current shape would cause “pandemonium in the world.”
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