Today's Must-Read

by Jonathan Chait | April 5, 2010

Noam has some more excellent reporting on the state of financial reform. The whole article is loaded with interesting detail -- he argues that the White House has political leverage to get a strong bill -- but this detail stood out:

The outcome the industry fears most is that Democrats pass a tough bill on an overwhelmingly partisan vote, isolating Republicans as reflexive defenders of Wall Street. “Everyone in the industry, their line is very simple,” says another administration official. “They want a bipartisan bill.” According to this same official, the administration doesn’t expect to have trouble finding one or two Republican senators to break a filibuster, even for a hawkish bill. “Frankly there’s a category of [Republican] who is fed up with the party on the issue. They’ve told me so privately,” the official says. “They don’t want to be caught on wrong side of it.”

Source URL: http://www.newrepublic.com//blog/jonathan-chait/todays-most-read