No it’s not hurting them. It is allowing them more and more time to highlight the Democrats hypocrisy on Wallstreet. The Democrats are stuck on stupid and the Republicans actually seem to be learning that you don’t win by retreating when you have the advantage even if it is an imperfect one. If they Republicans really want to do this right they need to put forth their own streamlined financial reform bill. Something that people can understand and one that doesn’t give the President unlimited power to rescue his big Wallstreet buddies when their companies are on the verge of failure.
This law is not “reform.”
1. Reinstitute Glass Stegall Act particularly from how sh**ty Citicorp screwed up with Rubin as Vice Chairman. Banks should be in the banking business only.
2. Regulate hedge funds which were made illegal after the 1929 crash when they were called Investment Pools. No 10 to 1 or more leverage. Hedge funds are a bigger problem than Wall Street but they own most of the Dems in the Senate.
3. Mortgages require at least 10% down and a decent credit score. No more loop holes that everyone gets a mortgage.