Skip to comments.Senators near agreement on financial regulation
Posted on 04/25/2010 4:24:16 PM PDT by mlocher
WASHINGTON (Reuters) - Senators negotiating financial regulatory reform legislation said on Sunday they were close to a bipartisan agreement, as the White House said fraud charges against Wall Street titan Goldman Sachs highlighted the need for reform.
Democratic Senate Banking Committee Chairman Christopher Dodd and Senator Richard Shelby, the panel's top Republican, told NBC's "Meet the Press" they were talking through the weekend to try to reach agreement on a bill aimed at preventing future taxpayer bailouts of financial firms.
"We're getting there, we're close, we've got more work to do," Dodd said. "I hope can get the votes tomorrow to start the debate."
Senate Majority Leader Harry Reid has set a procedural vote to begin debate on a Democratic bill late on Monday. Republicans said they will likely vote to block consideration of the bill unless a bipartisan agreement is reached by then, but that would just delay -- not kill -- the legislation.
Democrats would need at least one Republican to break ranks with their leaders to get the 60 votes needed in the 100-member Senate to start debating the bill. Closed-door talks were likely to continue well through Monday.
"I think we're closer than we've ever been," Shelby said. "Will we get a bill by tomorrow, I doubt it."
(Excerpt) Read more at news.fidelity.com ...
“When the Republicans and Democrats agree on anything you can be sure that the American people are being screwed.” - Michael Savage
I have a better solution. Every senator, representative, (and president) who voted for the bailouts should resign immediately.
“The word bipartisan means some larger-than-usual deception is being carried out” - George Carlin.
Anyone voting for this bill is a 100% stupid idiot.
Watch for snow in DC on Monday.
Heh, even a broken clock is right twice a day.
“...”We’re getting there, we’re close, we’ve got more work to do,” Dodd said. “I hope can get the votes tomorrow......”
That bottom dwelling s*it eater has NEVER done work in his worthless life.
He couldn’t make lemonade to sell on the street.
I live in hope to see his sorry butt in prison.
We The People will be cleaning the sewer that is this Congress come November 2nd. Our displeasure and outrage will become evident to the slimes in DC.
Dodd also hangs out with people who could not sell watermelons if the state police pulled over prospective customers.....
Dodd = RICO
NMow wait a minute;
We’re going to have to let them pass the bill so we can see what’s in it.
It appears to me at least SOME Republicans are working WITH the Dems on this — does ANYONE know WHICH Repubs are working with them? Where are the individual Repub Senators on this? The Tea Parties in the individual States could mobilize to put pressure on them. It may change nothing — but at least they’ll feel the heat that’ll cook’em come the primaries or perhaps November....