Monday, October 18, 2010

Poor accepting in Washington for Mayor Bloombergs Wall Street pitch

WASHINGTON - Mayor Bloomberg done his box for going easy on Wall Street and the big banks on Capitol Hill on Monday, but Senate leaders werent buying."I"m not assured at all" that Congress will hold off on difficult due regulations that would cost the city jobs, Bloomberg said.Bloomberg met with Senate Majority Leader Harry Reid (D-Nev.), Senate Minority Leader Mitch McConnell (R-Ky.) and theBanking Committee chairman, Sen. Chris Dodd (D-Conn.), as the Democratic National Committee put out a new ad charging that "Wall Streets risk and fervour cost us trillions."Bloomberg pronounced he wasnt against to all law and called for some-more clarity in monetary markets."It is in everybodys seductiveness that these exchange are visible," Bloomberg said."But what you cant do is have law that is dramatically opposite from those regulations overseas, since commercial operation will move from here to there."
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