In the House version of finance reform, the provision that banks hate most is an independent agency for consumer protection. It's been compared to the so-called "public option," that divided Democrats to the benefit of Republicans during the healthcare debate. But the politics of finance reform are very different.
Can the US Senate Pass Finance Reform in an Election Year?
Noam Scheiber - New York Times - @noamscheiber, Charles Taylor - Director, Pew Charitable Trusts' Financial Reform Project, Simon Johnson - Massachusetts Institute of Technology - @baselinescene, John Berlau - Competitive Enterprise Institute