April 28th, 2010
02:08 PM ET
4 years ago

Still no Wall Street bill debate in Senate

Washington (CNNMoney.com) - Senate Democrats failed Wednesday – for the third time in less than 48 hours – to muster the 60 votes needed to start debating Wall Street reform.

The official vote was 56-42 in favor of moving forward. All 40 Republicans present in the chamber joined with two Democrats, Sen. Ben Nelson of Nebraska and Majority Leader Harry Reid of Nevada in voting against. Reid's vote was a procedural move that allows him, under the Senate rules, to bring the bill up again this week.

Full story on CNNMoney.com


Filed under: Financial Reform • Senate • Wall Street
soundoff (39 Responses)
  1. geecee

    This is unbelievable! Aren't these guys even a little bit embarrassed at being such jerks? What is wrong with the Repukelican Party? These guys are nothing but a drag on the progress of this Country and they have the nerve to predict that they will gain seats in Congress in 2010. I hope Americans are taking note of this nonsense and vote against each and every Republican on any ballot in any state (even the good guys, if there are any that is) just because they are Repubicans and will obstruct to the bitter end anything that this Congress wants to do to help Americans. Sick and getting sicker by the day.

    April 28, 2010 03:14 pm at 3:14 pm |
  2. Me! In Houston, Texas

    Why don't they actually change parts of the bill and come up with something a little more bipartisan than continue to try and push this one through?
    -------–
    The Senate is voting on bringing the bill to the floor for debate. So they can come up with something a little more bipartisan.
    The GOP and Ben Nelson want to make changes to the bill that are so ridiculous and so un popular that they don't want to discuss it on the floor of the Senate because then they wouldn't get the changes they wanted.
    That and GOP is in Wall Street's pocket and Ben Nelson is in Warren Buffet's pocket.

    April 28, 2010 03:14 pm at 3:14 pm |
  3. Claudia, Houston, Tx

    Mitch McConnell is making a fool out of himself as well as the GOP when he said Goldman Sachs wrote the financial reform bill which was proven to be totally inaccurate. Something is very wrong with McConnell or maybe he's getting his incorrect information abroad from Rush Limbaugh who left the country after healthcare reform passed.

    April 28, 2010 03:18 pm at 3:18 pm |
  4. Steve

    April 28th, 2010 2:30 pm ET

    This is all the grand facade. Obama is in bed with Wall Street and is using the Senate hearings to gain public support just to regulate it back into the hands of selected and close friends on Wall Street.

    -----------------

    Shoot, and all this time I thought Obama was a socialist?

    April 28, 2010 03:20 pm at 3:20 pm |
  5. Steve

    April 28th, 2010 2:25 pm ET

    Enough, Harry.

    They will simply continue to vote no and you're not gaining any ground with this. Offer to let them put in some changes and then bring it up again. If they continue to vote no at that time THEN you may have some traction.

    ----------------------------

    Harry has got it right. Bring it up again and again for a debate, and let the Republicans vote no, no, and again, no. Let's see if the Republicans can keep it up until November.

    April 28, 2010 03:23 pm at 3:23 pm |
  6. Dano

    If the GOP wants their ideas included in the finance reform bill they'll have to let it go to the floor for debate. They always say they want to do the will of the American people, and since over 65% of Americans support stricter regulation of Wall Street and banks, they should want to get it done too, right? By voting NO to this they're showing who it is they're really representing – and it's not the American people. That goes for you too Senator Nelson!

    April 28, 2010 03:23 pm at 3:23 pm |
  7. Felonious Monk

    Four and The Door April 28th, 2010 2:44 pm ET
    "How about sitting down with the Republican Senators we sent to Washington to represent the other 150 million of us Americans and see what they would like to have in the legislation?"
    ____________
    May be you should actually read, investigate and think before you speak!!! they are voting to begin debate on the issue, not voting on a bill. There is a vast difference. One is completed legislation and the other is legislation in the works, as in being debated.

    Think before you post.

    April 28, 2010 03:26 pm at 3:26 pm |
  8. Four and the Door

    Obviously it's a lousy bill if they can't gain enough support.........but then so if everything the Democrats are cramming down our throats right now. Obama is bought and paid for by Walstreet, you really think he isn't just putting on a show?

    April 28, 2010 03:29 pm at 3:29 pm |
  9. J. Samuel Cook

    How about sitting down with the Republican Senators we sent to Washington to represent the other 150 million of us Americans and see what they would like to have in the legislation?
    --------

    Am I to assume that you'd rather these negotiations were done behind closed doors instead of on the Senate floor? The motion is to begin debate on the bill, not pass it. To that end, the Republican Senators who represent the "other 150 million...Americans" would have the ability to make amendments to the bill should debate begin. All this in the spirit of transparency and accountability, of course.

    Amazing how little many Americans paid attention in civics classes.

    April 28, 2010 03:37 pm at 3:37 pm |
  10. Publius13

    The purpose of debate in the "World's Greatest Deliberative Body" is to discuss, under the rules of the Senate, the merits of proposed legislation. The Grand Obstructionist Party will not debate. So what do they want–a backroom deal? That would be spun by the No-Nos as closed-door dealmaking from which they were shut out. If the American people can't see through this one, then they deserve more Republican stalling.

    April 28, 2010 03:38 pm at 3:38 pm |
  11. Bushed!!!

    .Wonder If Bush had hit the Door after Four Years..... What a Wonderful World it would be!!!! The Rethugs will not sit down......The Oders from Boss Hog(Rush)..... just say NO to Everything ......Rush ..... I want Obama to Fail .....and the Rethugs response Yes sa Boss..... God Bless America

    April 28, 2010 03:39 pm at 3:39 pm |
  12. D. Bunker

    Voting no on a debate?!?!? That pretty much tells you all you need to know about how worthless and un-American the GOP is now.

    April 28, 2010 03:41 pm at 3:41 pm |
  13. joe in VA

    The reason the bill shouldn't be debated is: 1) it's a weak bill. 2) Allowing debate will also allow Reid to shut down amendments to it eliminating the repubs ability to make changes.

    If you saw any of the goldman hearings you should be terrified that our elected officials would even attempt to "reform" wall street. they looked like ignorant old men and women who have no clue as to what it was they were discussing. They did a lot of posing though...

    April 28, 2010 03:42 pm at 3:42 pm |
  14. rob

    @ T'SAH from Virginia

    Didn't study civics in school did you?

    Congrats, you are exactly what the Dems want, people who are too dumb to learn real facts and so full of blind, rabid hate for others, you will react with ignorant anger directed towards anyone who your "Leaders" tell you to.

    IF THE DEMS WOULD BE MORE FLEXABLE AND "BIPARTISAN" THEY MAY GET A LARGE GROUP OF REPUBLICANS TO VOTE FOR A REASONABLE REFORM PACKAGE. EVERYTHING IS POLITICAL WITH REID AND THE DEMS.

    April 28, 2010 03:42 pm at 3:42 pm |
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