Bankers’ nightmare?

The Senate Committee on Banking Supervision, housing and urban development, one of the largest congress committees dealing with economic policy, is meeting just before its fourth president in five years. Everyone is a type.

Republican Alfonse D’Amato of New York, known as “Senator Pothole” because of his affection for public works, was a friend of the banking market and, more generally, a conservative, but drove left into an ineffective efforts to avoid defeat in the election in 1998. His successor, Republican Phil Gramm of Texas, was a doctrinal conservative and free market regulator. If the Democrats control the Senate in May 2001 grams was replaced by Democrat Paul Sarbanes of Maryland, an archetypal big-government, liberal regulation. reconquest With Republican Senate Committee on the legislative elections of 2002, the Sarbanes must be replaced by a Republican - but not grams, retired from public life.

The new Republican president, 68 years, Richard C. Shelby of Alabama, is less easy to classify. The son of a steelworker Birmingham, he earned a law at the University of Alabama in 1963 and stayed to practice in Tuscaloosa. He was active in Democratic politics in Alabama during the George Wallace era, was chosen for the Senate of the State in 1970 and 1978 at the age of 44, won election to the U.S. House of Representatives. In 1986, he unseated Republican Senator Jeremiah Denton, as the USA was the admiral of the U.S. Navy POW highest level during the Vietnam War.

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