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.
If you want the filibusters to end, then make them actually filibuster. Make them talk non stop for hours or days or weeks. Let the cameras record the endless drivel and stupidity that will be the result. Let the American people see and hear the senseless obstructionism that is all the Republicans have to offer. I doubt they can stand up to the wave of outrage that will follow.
of course it's the republicans fault, it couldn't be that these bills aren't good. this financial reform bill creates 2 new government "councils" and does nothing for the sub-prime mortgage fiasco. maybe the administration could have the agencies already in existence do their jobs instead of creating new ones (or is this what obama means when he says "jobs are #1 priority).
The American public is getting fed up with republican opposition to anything proposed by Democrats. The American people want Wall Street reform and they want it soon. It wouldn't surprise me to see the electorate hand the republicans another defeat in 2010.
Comments like this is why we need to vote the demo's out in Nov.
No, actually the Democratic party assault on out US Treasury and American work values have to end. Guess what, I think they just did. I'm just glad we didn't have to wait until November. The country would probably be $20 trillion in debt by then!
Why are the republicans proposing to cut taxes on Goldman-Sachs as part of the financial reform?
I hope the filibusters continue until the next crew is sworn in next January. This regime has done enough damage to last us for generations. God save us from any more "Obama/Pelosi/Reid Ideas".
You are so right, Senator Durbin! However, I feel that the democrats have yet to truly tap into the enormous populist rage that exists throughout the United States. Ironically, Claire McCaskille was the most outspoken senator that I saw on C-SPAN (Whitehouse wasn't bad). But, don't be afraid to stand up and tell McConnell and the rest straight up, "YOU LIE!"
blah, blah, blah!
Forget it Dick, you can't keep blaming someone else for the monsters under your bed. You and your buddies created the primordial soup that cooked these babies up. Its time for you to get out of the kitchen bud.
So what do you suppose is Sen Durbin's definition of a Not-Constructive suggestion? Why one made by a Republican of course!!! Remember, Obama took nearly a million dollars from Goldman Sachs! And Democrats got more money from Goldman Sachs than Republicans by 3 to 1. Better read between the lines of the Democrats supposed Financial reform bill. Remember the corrupt stimulous bill with its AIG Bonus guarantees hidden away in it?
The Republicans blocked legislation...! Not possible!
It looks like the republicans are showing their true stripes in defending the Wall Street Thieves!
Dick Armey, Tom DeLay, and others in the republican party have pushed deregulation through during he Bush years and we know what that caused, just look at your 401K results for the past 4 years.
The republicans love the way corporations and Wall street bankers manipulate our money to keep themselves rich but, it's time for a change and vote them greedy fools out of Congress.
Ypu can't really blame the Republicans. They are only following the orders they got when they met in that closed door session with the wall street executives a couple weeks ago. How do you expect them to pay for the mercedes and bmw's they got for their highschoolers and all the other basic necessities of life in their world. What, do you expect them to actually care about ordinary Americans? Except, of course, the teabaggers that they love because they're sooooo trainable.
Some members of the GOP help write the legislation then the leaders say nope let's start over. Priceless.
The filibusters will end the moment the Democrats quit trying to bankrupt the country and the American taxpayer, and quit trying to ruin the American way of life.
Filibusters are only right for Democrats to use. Now that the Repubs are the minority filibusters are bad.
Obama says that Repubs. should trust him to pass another bill before he decides what is in the bill.
I will challenge anyone to say what is in this reform bill. Just like Obamacare the Dems passed a bill and no one had any idea what they passed and turns out that the working class got nothing but more taxes and the insurance companies got billions and the deadbeats got more handouts.
Time for CHANGE!
This was not a filibuster! It was a BI-PARTISAN turn down of the bill!!!! You can't claim bi-partisanship when one republican votes for a bill, then claim a filibuster when democrats vote against a bill.
Could you imagine the bi-partisan back slapping that would have taken place had one republican voted for health care reform? Ya can't have it both ways Senator Durbin!
What has to end is a democrat controlled congress that completely disregards the will of the voters.
Once that ends, then we can discuss filibusters. As of now, the only thing between the citizens and the fringe left nanny state is the filibuster.
What this contry needs is about 5 more Democratic Senators. not just the one for the filibuster proof majority. We need enough so the Blue Dogs can't pull a tantrum and join the GOP in wtering down important bills or blocking legislation entirely.
Get out and vote ffor the Democrats or it will be more of the same from the GOP.
I agree: The tail needs to stop wagging the dog!
The Republicans LOST in November 2008. The majority of American people wanted a Democratic majority in the House and the Senate to work with President Obama on implementing his agenda.
It's called DEMOCRACY and although the Republicans should listen to their constituents, the minority party is obligated to work to implement the will of the majority, working to compromise to have their constituents heard, but not at the expense of the majority.
All the Republicans have EVER cared about is regaining power. Their obstructionist actions and attitude have wasted countless hours and millions of the taxpayers' money – and they should be thoroughly ashamed of the lies, division, fear and hate they have used as tactics.
GOP = Party Before Country
The Party of No must think that the policies of the bush years that got us into the financial crisis, due to no regulation of the fat cats and rich CEO's, should be kept in place so it can happen again and maybe this time take down the whole country. When will they ever support something? Maybe it is because they are for the rich, the corporations and banks so much that they can't turn them down! I' m getting sick of my old party! How can any republican, conservative or otherwise, find anything good in them?
By the way ....of course Filibusters have to end..... it is anti DEMOCRACY to have Filibusters... Does any other country on this planet Earth have Filibusters...in use to governmen their country???? ...Any intellect out there who knows the answer to this question....or care?..To call the USA a Democracy should be amended somewhat to define just what Filibusters are... to defeat the Majority vote....right?
GOPers didn't want to talk Health Care Reform. GOPers don't want to talk Wall Street Reform. GOPers don't want to talk Immigration Reform. GOPers don't want to talk Climate Change. So ... what do GOPers really want to talk about.
Obama's birth certificate – blah, blah, blah. Obama is a Socialist – blah, blah, blah. Obama is a Marxist – blah, blah, blah. Obama is a Muslim – blah, blah, blah. Obama, Obama, Obama.
This fixation on President Obama is priceless. The 1+ million people scattered throughout the Washington Mall to personally witness President Obama's swearing-in ceremony sure brought out the old GOP green monster of jealousy. Doesn't look as if that monster is going to be giving up it's hold on the GOPers anytime soon.
Ridiculous. Absolutely ridiculous.
The party of NO is at it again. It is the Democrats that can make this bill strong and not cave into their demands. Please do what is best for the American people.
What else could the GOP want? Could they please tell us what is keeping them from supporting this? Most of the country does, but why don't they?