April 28th, 2010
06:36 PM ET
5 years ago
Senate agrees to begin debate on Wall Street reform
Washington (CNN) - Republicans ended their filibuster of Wall Street reforms Wednesday when the Senate agreed without a vote to begin debate on a financial regulations bill.
The Senate agreed by unanimous consent to launch debate on the bill after a similar motion failed three times in the previous 48 hours to win the necessary 60 votes for approval.
Related on CNNMoney.com: Wall Street reform: Let the debate begin
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I really don't think the game playing is going to work much longer. The American people want the Senate and Congress to take up a lot of important issues. Being the Party of "NO". No ideas, No help, No solutions doesn't sell too well in elections. I can't imagine anyone voting for any Republican. They are becoming nothing but a joke.
The Senate Democrats Will compromise with the GOP. Only wish the GOP could act like adults.
So all GOP senators vote NO and then agree by unanimous consent? Wow. Don't any of them have any individual opinions of their own or even issues for their individual states? What changed that would suddenly sway all 41 senators' opinions all at once?
Remember this on election day. Voting for the GOP is voting for endless obstruction. It's not in any of our best interest. It's being done ONLY for their party to regain power. Country first? NO. Vote Republican? NO.
ah iMagine all the good work that would have been put into refining this bill so far, but throw Republicans in the mix, the party of NO, and nothing gets done for the American people...SHAME ON THE REPUBLICANS!!!
We have a lots of people running in this country but few seem to want to take the helm when it came to do a better job in straition out this country. The Repub hate to see a person in office there whiper go un heard.
This will end up being another payback by demo's and Obama.
It is so funny to see the Dems questioning the Goldman's Sach men because the donated over 900k to Obama's campaign and it was the Dems (Clinton, Dodd and Barney Frank) who dereugalted the banks not Bush, but no one is blaming these guys. And why isn't anyone talking about the CCX and the 10 trillion dollars that Al Gore, Obama a nd Goldman Sach and director of the Fannie mae is going to make on the cap and trade bill all lies and no media is covering it not ever Fox only Glen Beck
Any attempt to cure the causes of financial instability must include a clear-minded inquiry into whether the Congressionally created policies for Fannie Mae and Freddie Mac's "affordable housing" and subprime lending should be changed or abandoned. The [excrementy] deals which Goldman Sachs created with synthetic mortgage-backed derivatives would not have occurred if these loans to highly uncreditworthy or fraudulent homebuyers had not been sanctioned by these GSEs.
Good job, Senator Dodd.
another reorm that represents absolutely NO reform
did Goldman give $one MILLION to OBama in the 2008 election cycle? YES __ or NO __
NObody was buying the repo spin on the wall street bill so they had to change their tune. I guess thats how we need to keep the pressure on them to get things done. Tired of them dragging their feet just to twart the administration.
See Dems, be fair and they will work with you. Now you can't say they said no.
I guess Republicans expect a big applause for finally doing the right thing for the American people. But they don't deserve it because they voted 100% of the time with GWB based on a war of lies and has caused Americans blood and treasure. They voted no in favor of Wall Street, we will never forget.
may be they can consent to pass a fix it bill with out voting on it too. can't seem to do anything if they have to vote on it. stupid reps. let's all consent to get rid of them all on both sides. Why do we continue to pay their salaries if they won't work together for the good of the people. Useless, just useless-all of them.
Mitch McConnell, Boehner, Cantor and the rest of the repuglicans thugs couldnot bully democrats this time "hooray!" Repuglicans will now try to diminish the "consumer protections" on the Wall Street reform bill, saying, its "over reaching." I think this bill should reach all the way into Wall Street wallets, and into our court system for some supenas where these guys can be prosecuted, of course repuglicans will act in front of the American people this is a good idea, but behind closed doors will try to make deals on behalf of the fat rich cats on Wall Street! Repuglicans and Tea Partiers will not win in November, because their cover is off, and the American people know, they are hypocrites, bigots, extremist, fearmongers who only march to the tune, of Limbaugh, Beck, O'Rielly, Cavuto, Cantor, Bohner and McConnell!
The repos saw the writting on the wall. We are sick of them so they decided to stop their stupid tact tics .
I hope the Dems will hold firm on this and not let the Republicans water down much need reform.
Let's not see any back room deals or bribes on this one please.
Sounds like the Republicans are not tone-deaf afterall ...
It is about time that the republicans stopped acting like fools!
It was surreal watching John Ensign talk ethics and the other Republican senators, including my own state's senator Susan Collins, go on and on about the need for financial reform only to go back to the Senate and vote against ending the filibuster and starting debate on the financial reform bill. Does anyone think that they don't know their hypocrisy is shining through?
very disappointed with snowe, collins, graham, and brown...maine voters do you want the women leaders of your state label as the party of no....i use to like snowe and collins...but they are playing politics...i hope maine voters wake up
The GOP have become a joke, time to get a new party on the right. The Team Party should field as many candiadtes as possible. The GOP has fewer members than the team party, GOP need to go.
This entire drama has been concocted to distract us from what this bill really does. They are planning to give the real culprits behind our economic woes more power and play it as wall street reform. The culprit is the federal reserve and unchecked power to do as they please. If anything is to really change we must first audit the federal reserve. Contact your senators and insist they support S. 604 the audit the fed bill! This is nothing more than a veiled power grab by the private banking cartel known as the federal reserve! Thomas Jefferson warned us of the danger posed by central banks. Wake up America they are playing us!
The congress and government is so intertwined with Wall St. and rich and famous that any bill coming out for reform will be weak and filled with loop holes designed to enrich the rich and famous and Wall. St. It is not possible for congress to escape the pressure to limit true reform. We are like a house of cards, a ponzi scheme based on debt leverage.
Only because it was so obvious the GOP is actually defending the big banks and corporate greed.