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Banking reform progress

Summary:
Banking sausage still grinding... slowly. The ABA focused on pushing the bill through the House during its Washington, D.C., summit last week. The group’s leaders rallied more than 1,000 bankers to visit Capitol Hill in support of the measure before it could be swallowed by political dysfunction.  “I can’t tell you exactly where the next step is, but it will be soon, and very soon, that this legislation will be moving forward,” said James Ballentine, ABA executive vice president of government relations. Rep. Jeb Hensarling said he will support a Senate bill easing #DoddFrank regulations if the Senate will consider a separate package of bills from the House Financial Services Committee, clearing the way for the bill to pass the House. https://t.co/iUlscjgTMW —

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Banking sausage still grinding... slowly.

The ABA focused on pushing the bill through the House during its Washington, D.C., summit last week. The group’s leaders rallied more than 1,000 bankers to visit Capitol Hill in support of the measure before it could be swallowed by political dysfunction. 
“I can’t tell you exactly where the next step is, but it will be soon, and very soon, that this legislation will be moving forward,” said James Ballentine, ABA executive vice president of government relations.

Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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