Financial Reform

Progressives Buck Democratic Leaders On Wall Street Reform

Brian Beutler | May 13, 2010, 12:33PM

Sen. Byron Dorgan (D-ND)

The Wall Street reform bill has no doubt drifted leftward in the past several days. But that doesn't mean all Senate liberals are happy. Several progressive and populist senators think the bill's broad approach does not call for the fundamental reforms Wall Street needs. They've been pushing far-reaching amendments that would shrink major financial companies, and further limit high-risk trading and though their efforts likely do not have enough votes to pass, they at the very least want to get a fair hearing. And they're banding together to make sure they get one.

"[Democrats] will insist on having the opportunity to have the key amendments offered and debated and voted on," Sen. Byron Dorgan (D-ND) told me this morning.

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