Democrats to Use Gains in Congress to Push New Rules on Markets

[cal04]

http://www.bloomberg.com/apps/news?pid=20601070&sid=aOR3BTIjQmMI&refer=home

No matter who's elected president in November, Democrats are poised to expand their congressional majority. And that means they will have a leading role next year in pushing through tough new regulation of U.S. financial markets.

Presidential candidate John McCain's post-convention bounce in the polls and the enthusiasm generated by the choice of Sarah Palin as his running mate haven't trickled down to congressional contests so far. Experts, Democrats and even some Republicans say they expect the party to lose about six seats in the Senate and as many as two dozen in the House of Representatives.

``Has the dynamic changed in favor of Republicans in the House and Senate races? The answer is, clearly, no,'' says Del Ali, president of Research 2000, an Olney, Maryland-based polling company that tracks congressional elections.

That would put the Democrats in the driver's seat next year, as the U.S. carries out the biggest expansion of federal power over the financial system since the Great Depression.

[screembloodymurder]

1. What gains?

Do not listen to their lies. No bailouts!

[western mass]

2. Gimme a break.

The same corporate democrats who even now are collaborating with the Repukes to bail out the criminals behind the greatest swindle in american history? You're dreaming if you think any "reforms" passed by Schumer, Pelosi & co. will do anything other than fix things just enough to keep the corporate crime wave rolling.