Confusion reigns and compromise rules.
Several people have devised compromise rules that seek to create uniform rules for both codes, but these have been resisted thus far.
Peter Baker, campaign director for the Cape Cod Commercial Hook Fishermen's Association, which helped environmentalists draft the compromise rules, said: "We think most of our guys are going to make it through.
Like the fiscal cliff, the argument that is sure to ensue around the debt ceiling is a manufactured one: a creation of a Washington lacking the techniques to make basic political compromises, ruled by petty enmities, and driven by fevered dreams of political leverage.
When regulators failed to reach a compromise, a rule was relegated to a question for the public.
It is democracy through pluralism and compromise; "minorities rule" as the American democratic theorist, Robert Dahl, described it.
I won't compromise this rule and often phone calls with head hunters are cut short when I mention that I only work four days.
To compromise the rule would be counterproductive and destructive to the kind of freedom we enjoy as Americans — a freedom that terrorists would like nothing better than to destroy.
In an interview on Wednesday, Mr. Gensler said that, even with the compromise, the rule will still push private derivatives trading onto regulated trading platforms, much like stock trading.
But compromise with rule-or-ruin Republicans for the sake of "unity" is a sad mistake.
