Skip to comments.Sweeping Wall Street Reform Bill Advances
Posted on 05/20/2010 12:21:17 PM PDT by Steelfish
Sweeping Wall Street Reform Bill Advances Legislation is one of President Barack Obama's top domestic priorities WASHINGTON - U.S. Senate Democrats nabbed the 60 votes needed on Thursday to advance the biggest overhaul of financial regulation since the 1930s, paving the way for a final vote on passage within days.
The legislation is one of President Barack Obama's top domestic priorities. The bill calls for new ways to watch for risks in the financial system and makes it easier to liquidate large financial firms that are failing.
It also writes new rules for complex securities blamed for helping precipitate the 2008 economic crisis. And it creates a new consumer protection agency.
The Senate voted 60-40 to end debate on the bill as U.S. stocks fell sharply. Barney Frank, the Democratic head of a key House committee, told CNBC television news it is important to get financial reform approved quickly to ease market uncertainty. He said he expected Obama could sign a bill into law well before July 4.
(Excerpt) Read more at msnbc.msn.com ...
THREE Republicans: Brown, Snowe, and Collins vote for Cloture.
.......and America continues to circle the drain.
What will be Brown’s reason today? What did Harry give him, if anything, to change his vote? He sure is a disappointment and he is no longer 41.
THREE RINOS: Brown, Snowe, and Collins vote for Cloture.
Don’t we already have all sorts of financial laws? I doubt we really need more. Just more “government control”.
I’m not sure what exactly this means, but I do know that my own financial institution had strong objections to the original bill and these objections have apparently been addressed during the Senate negotiations in recent days.
Is Brown still promising to be the 41st vote against health care? This guy is turning out to be a senator I’m regretting. Another RINO; thank you northeast. Can we just allow Canada to annex Maine, Massachusetts, New Hampshire, Vermont?
Our environmental regulations did a wonderful job in the gulf. You question the need for more government? (/sarcasm off)
good by America banks
Hannity, Morris Agree with Conspiracy People About New world government
This is why only rock solid conservatives should ever be endorsed.
Brown, the Maine twins,....FIORINA, MCCAIN....cannot be trusted....
It will be hard for any law to exceed the damage that will eventually be done by ObamaCare, but this ill-conceived monstrosity, aka the Financial Reform Bill, will ultimately be right up there with socialized healthcare when it comes to contributing to the destruction of America as we have known it.
It will be known as the Mother-of-All-Unintended-Consequences Bill.
And the consequences will not be good.
This is the one that allows them to track each and every financial transaction. every credit card, debit card, check, deposit and withdrawal.
Yup, the three girls voted with Reid.
Called his office and voice my displeasure.
I predict 0bamaCare will never be implimented.
We’ll be in such bad shape by this time next year that they will just toss it aside.
Collins vote with the Democrats 65% of the time,why do the gop let this happen?
Scott Brown has served his purpose, if he votes yeah for this bill, then he done in my eyes (he’s almost there already)
Republicans’ cave again. Same old corrupt and incompetent story.
Everything this regime does is a priority according to the regime and the regimes lapdog media...