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Wall Street bill back to conference as Democrats don't have the votes
The Hill ^ | 06/29/10 02:06 PM ET | Silla Brush

Posted on 06/29/2010 2:36:12 PM PDT by BradtotheBone

Senate and House conferees on Wall Street reform are reconvening Tuesday because of Republican objections to $19 billion in fees that would be placed on big financial firms.

The meeting follows Sen. Scott Brown's (R-Mass.) letter to the chairmen of the conference committee on Tuesday, in which he said he would oppose the Wall Street overhaul bill as it stands.

In a letter to Rep. Barney Frank (D-Mass.) and Sen. Chris Dodd (D-Conn.), Brown expressed "strong opposition" to the fees that were added in the conference process between House and Senate lawmakers last week.

"If the final version of the bill contains these higher taxes, I will not support it," he said.

Maine Republican Sens. Susan Collins and Olympia Snowe, who like Brown had voted for the Senate version of Wall Street reform, which didn't include the fees, have voiced similar concerns.

The objections have left Senate Democrats scrambling for a way to pass the bill.

(Excerpt) Read more at thehill.com ...


TOPICS: Extended News; Government
KEYWORDS: barneyfrank; chrisdodd; financereform; scottbrown; wallstreet

1 posted on 06/29/2010 2:36:15 PM PDT by BradtotheBone
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To: BradtotheBone

All about creating another little pot to steal from to pay off the unions. Ever heard of a financial beibng unionized??


2 posted on 06/29/2010 2:39:23 PM PDT by Sacajaweau (What)
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To: BradtotheBone

Don’t let these Bastard’s win this one.


3 posted on 06/29/2010 2:48:21 PM PDT by mortal19440
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To: Sacajaweau

“Collins described her hour long meeting with Senator Dodd as excellent”.. This is one clueless RINO.


4 posted on 06/29/2010 2:48:25 PM PDT by Goreknowshowtocheat
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To: BradtotheBone

Why are these RINO’s around? WTF are they doing?


5 posted on 06/29/2010 2:49:01 PM PDT by wac3rd (Somwhere in Hell, Ted Kennedy snickers....)
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To: wac3rd
Well, one thing Scott Brown is doing is making the Dems scramble.

I like it so far. I hope this causes lots of trouble in the House.

6 posted on 06/29/2010 2:56:59 PM PDT by Siena Dreaming
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To: Siena Dreaming

Scott can be their toady as long as there are no taxes in it.


7 posted on 06/29/2010 4:55:08 PM PDT by Goreknowshowtocheat
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