April 18th, 2010
05:28 PM ET
5 years ago

Congress divided over financial reform bill

Washington (CNN) - Congress appeared headed for a major partisan showdown over financial regulation reform, with Senate Republicans reiterating their opposition Sunday to a bill that Democrats say will prevent another Wall Street meltdown like the one that precipitated the U.S. recession.

While some officials hinted that behind-the-scenes talks could yield a deal, the rhetoric signaled deep divisions between Republicans and Democrats intended to score political points as the campaign season approaches for mid-term congressional elections in November.

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Filed under: GOP • Mark Warner • Mitch McConnell • Obama administration • Senate • Wall Street
soundoff (18 Responses)
  1. chase

    I think it's time for politics to be put aside for the sake of the American people. The fact Republicans don't show any bipartisn support on bills is very frustrating. This game of say no to everything is not constructive nor is coming up with long list of absurd untruths.

    April 18, 2010 05:36 pm at 5:36 pm |
  2. Liberal4Obama

    Democrats need to go at it alone again, republicans have already chosen to back Wall Street against the interests of Main Street so there is no point in waisting more time.

    Push the strongest bill possible thru Congress and if republicans don't like it let them oppose it or filibuster it and pay a heavy price at the ballot box.

    April 18, 2010 05:47 pm at 5:47 pm |
  3. They call me "tater salad"

    Politicians and pro athletes are pretty much the same, They only put a real effort in when there is an election coming up or when they're up for a new contract!

    April 18, 2010 06:17 pm at 6:17 pm |
  4. K

    Of course the gop is against any financial reforms. They profit from 1% of the population owning 95% of our nations wealth.

    Proud Veteran of Socialist Healthcare
    USAF Ret.

    April 18, 2010 06:17 pm at 6:17 pm |
  5. GI Joe

    That Super-Senator from Mass. was trying to get a journalist to explain the bill to him. HA.

    He's ready to follow leading liar turtle-face to vote against the good of the people – ALL people – even Mass. Vote him out – he doesn't even know as much as I do about all their illegal shenanigans on wall street.

    April 18, 2010 06:20 pm at 6:20 pm |
  6. AndyBlue

    Gee, what a suprise. Republican obstruction rides again.

    These people need to be voted out. I will never vote for a republican OR a phoney "independent" (Republican under their new name)

    These frauds really make me sick at this point.

    April 18, 2010 06:31 pm at 6:31 pm |
  7. CBR

    Do forget about the American people and the economy and their well being until after November. That makes a lot of sense!

    Perhaps we all need to give the Republicans a little taste of their lack of generosity. Let's forget to contribute to the party. Let's forget to go to their rallies. Let's go forward with the changes and leave them all behind.

    Sen. McConnell and Sen. Cornyn can get lost on Wall Street where they went to shore up support from the Wall St. giants. Rep. Boehner can have more time in the tanning booth. Our friend Rep. Cantor can help the governor of Virginia teach all about the confederacy and the history of the 1860's. Remember not to teach about the years leading up to the Civil War.

    April 18, 2010 06:49 pm at 6:49 pm |
  8. Typical!

    All this is making me want to change my mind and vote Democratic this November, just to fight back this GOP BS.

    April 18, 2010 06:50 pm at 6:50 pm |
  9. Claudia, Houston, Tx

    That's right Republicans keep protecting Wall Street and Big Banks and they will blow the whistle on you. The best is yet to come.

    April 18, 2010 07:01 pm at 7:01 pm |
  10. GI Joe

    The good people of Virginia are having regrets – ha ha ha. McDonnell seems to have deceived a lot.

    Seems the folks in NJ got lucky – so far, the republican governor is working for them, still watching.

    April 18, 2010 07:02 pm at 7:02 pm |
  11. Drew

    How dare the republicans call themselves ANYTHING but obstructionists. They are the most un-American group of bought and paid politicians this country has ever known.

    April 18, 2010 07:14 pm at 7:14 pm |
  12. Michael from Ventura

    Business as usual. America HAS to be noticing this- and if they look at the ISSUES, they will once again see that this is just plain old obstruction. This from the "Country First" bunch. Please.

    April 18, 2010 07:17 pm at 7:17 pm |
  13. Hammerer

    Dems promise jobs but reach for more government control instead.
    WHERE ARE THE JOBS?

    April 18, 2010 07:33 pm at 7:33 pm |
  14. FL

    when will the government learn they can not spend their way out of a recession. READ AN ECONOMICS book. The government needs to Be restricted to overseeing the military and foreign policy. You can not fix an economic problem. Let the chips fall where they may and the recovery will begin. By continually messing with economic system you are prolonging the proble and making the future fall-out all the more disastrous. HANDS OFF THE ECONOMY LET IT CYCLE THROUGH ON ITS OWN!

    April 18, 2010 07:43 pm at 7:43 pm |
  15. Larry

    The Republicans are absolutely DISGUSTING

    They continuously lie, cheat, and steal from this country and it's people while they kiss the butts of big insurance, big oil and big banks, in their own selfish efforts to reap the profits of their obstructionism

    This has gone on way too long

    It is NOT about Obama , it's about all of us

    It's time the American people, REAL Americans,( not the likes of the Republicans Tea Party ) to take this country back

    Take it back and make it BETTER, not worse

    Time to throw these disgusting bums to the street ...

    April 18, 2010 07:52 pm at 7:52 pm |
  16. John

    If you listen to McConnell's remarks on this issue over the last couple of weeks, you get a sense of how much disrespect Republicans have for the intelligence of their base. They stoke anger over the bailouts, which their man Bush arranged but they blame on Obama. They try to kill reform so the banks can continue to rape investors with derivative trading, while blaming Obama that jobs are slow coming back because banks took bailout money but are not lending. Now they want us to believe that the reforms that consumer advocates all want will somehow "guarantee" future bailouts, when that is clearly a complete lie.

    McConnell is a liar and a snake. Any Republicans or blue dog Democrats that go along are all sellouts to the finance industry. It's as simple as that.

    April 18, 2010 08:09 pm at 8:09 pm |
  17. No more free rides

    The spending is out of control. The debt that is being created will drive us to ruin. Stop the spending, stop the bail out, let the markets stabliize themselves.

    The New Deal did not bring America out of recession. It was not government hand outs. It was Jobs !!!!!!!

    No more bail outs.
    No more out of control spending.
    No more budgets and federal programs that we can not afford.
    No more free rides.

    April 18, 2010 08:18 pm at 8:18 pm |
  18. Beth

    What a shame that McConnel and the Republicans just want to score political points rather than work for the American people.

    April 18, 2010 08:23 pm at 8:23 pm |