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Heavy-Handed Politics

"€œGod willing, with the force of God behind it, we shall soon experience a world
without the United States and Zionism."€ -- Iran President Ahmadi-Nejad

Tuesday, May 26, 2009

Regulation war: business in crosshairs
A battle royal is brewing on Capitol Hill for an already bruised business community.

The Treasury Department this week is expected to unveil its plan for revamping the patchwork of agencies that oversee the financial industry.

Judging from the talk of add-ons from Congress and even the White House, some business lobbyists figure the package might as well come with Santa wrapping, tinsel and lights.

Sen. Chuck Schumer (D-N.Y.) has announced that he wants to attach a “shareholder bill of rights” to the package. And the White House is talking about adding a consumer board to the regulatory mix.

Both ends of Pennsylvania Avenue are kicking around ideas about outlawing some corporate executive pay practices — and applying the ban well beyond the financial sector.


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