Rope in the tug of war | Arkansas Blog

Thursday, April 8, 2010

Rope in the tug of war

Posted By on Thu, Apr 8, 2010 at 8:48 AM

John Brummett notes that, even though the health care debate is over, Sen. Blanche Lincoln isn't out of the woods yet. She could end up once again being, as she has said before, the "rope in the tug of war" in the financial reform debate.

The early drafts of this financial reform legislation, coming out of the Obama Treasury Department and congressional liberals, imposed strict and narrow federal regulation on derivatives. This upset certain people, including some in the agriculture sector.

Some of these derivatives are based on investments in the agricultural commodities futures markets. Regulation of those futures markets, if not the derivatives designed from them, falls under agencies overseen by the Senate Agriculture Committee and the new chairman of that is … well, you know.

It’s Blanche Lincoln.

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