Lincoln, chairwoman of the Senate Agriculture Committee, is the chief advocate of a measure in the Senate bill that could force some of the nation's biggest banks to spin off their lucrative swaps desks. The provision is not in the House legislation and has faced opposition from administration officials, Wall Street lobbyists and top lawmakers from both parties.
But consumer advocates have stood by Lincoln's effort, which seeks to separate risky derivatives trading from federally insured firms and, in her words, "ensure that banks get back to the business of banking." . . .
Nobel Prize-winning economist Joseph Stiglitz on Wednesday called the Lincoln provision "an absolutely essential part of protecting our financial system . . . it protects the taxpayers and the investors.
http://www.washingtonpost.com/wp-dyn/content/article/2010/06/09/AR2010060904197.html?hpid=topnews