Washington (CNN) - Just hours after Senate Republicans succeeded in blocking debate on a Wall Street reform bill Monday, Democratic Sen. Dick Durbin slammed the GOP for refusing to act, saying "the filibusters have to end."
Durbin expressed his frustration during an interview with CNN Chief National Correspondent John King, listing effort after effort made by Senate Democrats to include Republicans in the legislative process. But even at this late hour, the Illinois Democrat said he is still open to Republican input.
"I'm willing to listen to any constructive suggestion. What I'm not willing to do is basically say we are going to change and weaken the bill to bring in Republican votes. We want to make sure this bill is strong," Durbin said.
Asked by CNN's Senior Congressional Correspondent Dana Bash to address Republican concerns that the legislation being pushed by Democrats is rife with loopholes, Durbin said the bill would strengthen regulators, and would prevent another case of fraud similar to the allegations of misconduct financial giant Goldman Sachs is currently facing.
"I think that this bill really strengthens the hand of the oversight agencies that would watch Goldman Sachs or any other company that tries to do what they are accused of doing. It's only an allegation, but it's a serious
one, that they were playing both side of the street if you will, selling a product and basically betting that it would fail," Durbin said. "That to me is the wrong thing to do. It's the kind of thing that makes people so cynical and upset with what has happened on Wall Street."
When asked by CNN's Senior Political Analyst Gloria Borger whether the banking lobby still enjoys a vice-grip on both Democratic and Republican lawmakers, Durbin expressed confidence that his colleagues will act.
"I think we are moving to the point now, where even the Republicans believe we've got to do something really basic here to restore the public confidence and to make sure that people have some belief that their government is going to stand up and fight them, so we don't end up with another taxpayer paid bailout," Durbin said.
Asked by John King whether Illinois Democratic senatorial candidate Alexi Giannoulias should remain in the race for Barack Obama's old Senate seat after the failure of his family's bank on Friday, Durbin defended the Illinois state treasurer.
"We had seven banks close on Friday in Illinois, and of course it hurt him. This is a bank his father started as an immigrant to this country, but Giannoulias has been removed from the bank for over four years, because he is our state treasurer, and had nothing to do with 90 percent of the loans that this bank had in its portfolio. So I think he needs to answer the questions directly and honestly, and he has done that, and he needs to continue to do that," Durbin said.
The Gop is trying to build up support by misleading the American people just like they did health Care Reform the longer it takes maybe people will get supicious and not want it just like them.
What needs to end is these 'mock' filibusters. Sen. Reid has the option to force the Republicans to actually engage in a real filibuster. Why doesn't he do so? Mr. Reid is not caving to a filibuster, but the threat of one.
He needs to call their bluff. Make them filibuster and shut down the US Senate. No climate bill. No immigration reform. No Supreme Court advice and consent. Nothing gets done while the Republicans hold the floor. Then let all the GOP incumbents can explain this in November.
Call their bluff, Harry. Let them filibuster! NO MORE GAMES!
So what is new, they have fillibustered every major bill. The pary of no remains the party of no. They are on the side of big banks.
Sen Durbin, I agree with you too, I am sick of repuglicans acting like they have all the answers, but the truth is all they have to offer Americans is "no" or "nothing." Repuglicans hoodwinked, deceived and bambozzled Americans into believing they had ideas, strategies, direction, integrity and values! When the truth is they had non of the above! What the repuglicans have to offer Americans since President Obama was elected amounts to obstruction, delay, misinformation, lies, distortion and just say "no" to everything, even things the proposed, amended and supported! If this, is all they have to offer Americans after almost 2 years, I do not want to see them in majority in the House or Senate! I BELIEVE AMERICANS HAVE AWAKENED FROM A FEARMONGERING INDUCED SLEEP BY REPUGLICANS!
The Senate should go back to forcing filibustering Senators to stand and talk.... for that is what the purpose was originally intended. The Filibuster was a way one or a few Senators could stop Senate business to try to convince the nation and their fellow senators to reconsider. It was NOT meant to prevent a vote altogether.
MAKE THEM SPEAK CONTINUOUSLY WHILE STANDING UNTIL THEY HAVE NOTHING MORE TO SAY.... THEN VOTE!
Yeh yeh, like you guys did when you were minorities..... Sure!
Dana Bash and her husband John King always speak favoring Republicans and I'm surprised that CNN let's them get away with it.
What's frustrating about this filibuster (a tactic that the Republicans are using constantly now) is that the Democrats are simply trying to open debate. In other words, the Republicans aren't even blocking a vote–they're blocking discussion of the problem. If they really think a compromise is within reach–which they all keep saying–why not talk about it?
got a better idea. close the Senate and terminate all senators.
all those bribes disguised as campaign contributions go to the US Treasury to pay off the crazy spending that these ego driven maniacs have done.
then indict all 100 of them for treason.
Durbin is a draft dodger and an old fool.
he claimed that the bill would 'strengthen regulators'. to do what watch more pornogrphy in their offices. this fool Durbin is lying.
Durbin hits GOP, says 'filibusters have to end'
Hey, Durbin - what has to end is RECONCILIATION
I am not the least surprised. However they continue to show the behaviour of the spoilt child, they are now refusing debate during which amendments could be proposed and voted upon. They have been asked to say what thier ideas are and have come up with nothing practical. Time for the President to openly throw down the challenge give us your changes then lets go debate.
It is time especially on this that Republicans started to show they think about all the peole in what they are doing.
This is utterly shameful behaviour and nothing else.
Keep the filibuster !
Give the GOP enough rope and they will hang themselves, unfortunately they will wast our precious time !
After watching Congress vote on two massive measures (financial bailout and healthcare reform) without having read or understood the bills or their consequences, I have become a fan of the filibuster. If nothing else, it allows more people (including some members of Congress hopefully) to take time to READ THE BILLS and CONSIDER THECONSEQUENCES of the bills.
strengthen regulators: (meaning) open the door for government take over if they deem nessary or helpful to the Obama socialist agenda.
Once again the Republican have proven they have one agneda- to stop anything proposed by Democrats.
As a moderate Democrat, I now have one agenda- to see that those Republicans in office are not reelected. this is not to say that I would
not vote for a newcomer if that person pormised to vote his conscience and not party lines.
It's time we forget about labels and go with facts in selecting our representitvies and end the pettiness.
Let's answer the Tea Party with a comon sense movement-
"For the People, By the People"
…meanwhile, in Europe signs are that the financial markets are drifting into a second disaster, due to the lack of strong regulations. There has been no change in the basic attitude of the banking industries and the markets. The results could be devastating to the average people: Again the loss of jobs due to a shortage of loans, the failure of many partly small businesses, and just a destruction of “money” that average people worked for all their lives. The gambling and greed of that industry has to stop. Anyone (speak GOP) that stands in the way of meaningful and strong financial reform is not only in cohesion with that industry, but actively involved in the destruction of the economy. Could one perhaps say before one did not “know”, one would now have to admit that one takes very short gains over long term prosperity. Please, than admit to it and explain it to your constituencies when they ask where their jobs are!
The gop is worse then hilter they want to are goverment there way they only care for the rich no matter who they hurt if they stop a person for being spanish next they will stop the blacks who is next the some one who does not look americam