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Voting begins in Senate on Wall Street reform
Reuters ^ | Tuesday May 4, 2010, 12:37 am EDT | Kevin Drawbaugh

Posted on 05/04/2010 9:56:45 AM PDT by facedown

WASHINGTON (Reuters) - The U.S. Senate will cast its first votes on Tuesday on a sweeping Wall Street reform bill, with passage of a handful of uncontroversial amendments expected and a key procedural question still unsettled.

Democratic leaders had not yet determined as of late Monday whether amendments will need 50 or 60 votes to pass. The difference is important because Democrats control 59 votes in the 100-member chamber, versus the Republicans' 41 votes.

(Excerpt) Read more at finance.yahoo.com ...


TOPICS: Business/Economy; Crime/Corruption; Front Page News; Government
KEYWORDS: corruption; reform; senate; wallstreet
A key point:

A spokesman for Senate Democratic Leader Harry Reid said that no decision had been reached and that votes would be handled on a case-by-case basis for the time being.

IOW, the stuff they want will require 50 votes and the stuff they don't want will require 60.

How convenient.

1 posted on 05/04/2010 9:56:45 AM PDT by facedown
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To: facedown

Filibuster the whole thing now. Either the rules apply equally or they don’t get a thing. Time for the GOP Senators to grow a spine.


2 posted on 05/04/2010 9:58:50 AM PDT by MNJohnnie (The problem with Socialism is eventually you run our of other peoples money. Lady Thatcher)
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To: facedown

So “Change” means “Fascism”?


3 posted on 05/04/2010 9:58:54 AM PDT by Tzimisce (No thanks. We have enough government already. - The Tick)
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To: MNJohnnie

We understand that... they don’t.

We should have a national recall of all elected officials from the locals on up. I want elections in all 50 states of every branch of government and a wholesale replacement of every Liberal and RINO out there.

I know... cold day in Hell.


4 posted on 05/04/2010 10:01:15 AM PDT by rarestia (It's time to water the Tree of Liberty.)
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To: facedown

It’s almost comical that the same people who continually spend trillions more than the incoming revenue are going to “reform” Wall Street.


5 posted on 05/04/2010 10:02:56 AM PDT by AmericanHunter
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To: facedown

I think “reform” has lost its meaning entirely in the past year.


6 posted on 05/04/2010 10:02:59 AM PDT by Cicero (Marcus Tullius)
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To: Cicero
I think “reform” has lost its meaning entirely in the past year.

perestroika

7 posted on 05/04/2010 10:05:25 AM PDT by facedown (Armed in the Heartland)
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To: facedown

too bad this will only make it worse..nobody responsable to create and enforce anything.


8 posted on 05/04/2010 10:05:31 AM PDT by dalebert
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To: facedown

So the Senate is now in charge of doing everything, just like the fall of Rome ...

I wonder did they take the FTC being assigned the control of the Internet out of the finance bill?

And how about that investigation to the real cause, the federal government Freddie and Fannie.


9 posted on 05/04/2010 10:12:44 AM PDT by Tarpon ( ...Rude crude socialist Obama depends on ignorance to force his will on people)
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To: facedown

Is this the bill that “RAT FACE” Waxman added ( sneeked in) vitamin purchase restrictions ?


10 posted on 05/04/2010 10:29:27 AM PDT by Renegade ("Bring it on while I still don't need glasses to shoot your eye out ")
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To: Renegade
Is this the bill that “RAT FACE” Waxman added ( sneeked in) vitamin purchase restrictions ?

Hard to be sure but it appears so.

11 posted on 05/04/2010 10:34:22 AM PDT by facedown (Armed in the Heartland)
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To: facedown

you would of thought the Republicans would have resolved this before they agreed to let the debate start....


12 posted on 05/04/2010 10:41:32 AM PDT by martinidon
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To: AmericanHunter

Hey, maybe if Wall Street didn’t screw the pooch we wouldn’t be having this debate.


13 posted on 05/04/2010 11:07:04 AM PDT by maddogconservative
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To: maddogconservative

“Hey, maybe if Wall Street didn’t screw the pooch we wouldn’t be having this debate.”

Hey, thinking that the other pooch screwers in congress are going to “fix” it is laughable.


14 posted on 05/04/2010 11:19:10 AM PDT by AmericanHunter
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To: AmericanHunter

Well Wall Street was begging for Congress to fix the problem back in 2008.


15 posted on 05/04/2010 11:37:55 AM PDT by maddogconservative
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