April 28th, 2010
02:08 PM ET
5 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. annie s

    So they screamed and yelled and claimed that the health care bill was debated behind closed doors. Now they insist that the Financial Reform bill be debated behind closed doors. Gotta love the hypocracy.

    April 28, 2010 02:14 pm at 2:14 pm |
  2. IndependentAmerican

    Isn't it obvious that the Republicans do not want to debate because........

    a. Its an election year

    b. They are afraid to upset the Tea Party

    c. They are afraid to upset Wall Street

    Republicans think that if they continue to say NO to everything, they will be elected in November.

    As President Obama said, "Saying NO to everything is not leadership."

    April 28, 2010 02:16 pm at 2:16 pm |
  3. LacrosseMom(the real one)

    Need to comment on the findings posted by someone on AZ SR 1070, the Rasmussen Poll is a conservative pollster. I would like to see a Gallup Poll, I am willing to bet that the majority of Americans oppose AZ SR 1070.

    The Republicans will not debate the Reform Bill, they are scared.

    April 28, 2010 02:20 pm at 2:20 pm |
  4. Average American

    DEBATE THE DARN BILL! This is why we are angry with Washington. I want to spend a day refusing to do any work and blocking all progress at my job. I wonder what would happen?

    The obstructionists Republicans NEED TO GO!

    April 28, 2010 02:23 pm at 2:23 pm |
  5. Independant Thinker

    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.

    April 28, 2010 02:25 pm at 2:25 pm |
  6. AJP

    Vote the Republican's out!!!!!

    April 28, 2010 02:27 pm at 2:27 pm |
  7. Gil

    No, No, No they just want to keep the rich getting richer at the expense of middle and lower income Americans. I think they stink and I hope the smell starts reaching the voters. Of course, the teabuggers probably agree with these right wing nuts!

    April 28, 2010 02:27 pm at 2:27 pm |
  8. sensible Cape Coral Fl

    Hey Guys,

    This is NOT the bill itself but rather a DEBATE about the bill. What's your problem – beside being Republicans?

    April 28, 2010 02:29 pm at 2:29 pm |
  9. Angus McDugan

    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. I wish Americans would become angry that the government and media believe they can lead us around by the nose. They expect us to blindly believe anything they say and print.

    Americans, Stand up and think for yourselves and stop being spoon fed propaganda.

    April 28, 2010 02:30 pm at 2:30 pm |
  10. Byrd

    As if you expected the Republican criminals in Congress to side against their own...

    April 28, 2010 02:33 pm at 2:33 pm |
  11. Sniffit

    How much more rope does the GOP need? I'm 100% certain we've got plenty...just want to make sure....

    BTW, note to GOPers: The Constitution you selectively want to protect does not allow majority opinion of AZ voters to validate an unconstitutional law. Look up the doctrine of pre-emption. Your Rasmussen nonsense matters nothing. Granted, I'm sure the AZ GOP and leadership has heard thru the grapevine that the 5 conservative activists on the SCOTUS have agreed to overturn all sorts of precedent just to uphold the AZ bill...just like they did regarding corporate electioneering and the Mojave Desert cross...but that doesn't make it a correct interpretation of the Constitution. You only get so many decisions with the same 5-4 divide before the decisions start to become extremely questionable. I would suggest you use them wisely lest the Dems controlling congress decide to show you just how slippery the slopes your SCOTUS plants are creating really are.

    April 28, 2010 02:33 pm at 2:33 pm |
  12. Rick McDaniel

    This is one area where neither party wants to go.....because they ARE the wealthy, and it would be detrimental to their own greedy money making.

    April 28, 2010 02:34 pm at 2:34 pm |
  13. Anonymous

    The party of no sucks. They want us to pay them for doing nothing. I am really Pissed off with these guys. We have get reform on wall street. What the republicans want is for the wall street people write the bill which they will put all kinds of loop holes in it so they can get richer using their shady deals.

    April 28, 2010 02:37 pm at 2:37 pm |
  14. T'SAH from Virginia

    ALL THIS IS ABOUT IS TO "...muster the 60 votes needed to start debating Wall Street reform." ???

    START debating about Wall Street Reform..... You said START debating!!!! START?????????? Not the final Wall Street Reform bill but to just START THE DEBATE??????

    Not END but START!!!!! START like in on the Mark .... Get Set...... GO????? START the Debate?????

    The RepubliCAN'Ts are LOSERS!!!! This is ridiculous!!! If all of this hell is only about STARTING the DEBATE towards Wall Street Reform – could you imagine how long it would take to get to the END???????

    April 28, 2010 02:38 pm at 2:38 pm |
  15. jbakaregit

    Keep bringing it up for vote Reid.

    America needs to get a good luck at the Wall Street GOP party. Burn it into people's memory so by the time November gets here, people will think Democrats v. Wall Street (Goldman Sachs) Party.

    Based on the stupid actions of the GOP since Obama took office (and especially since they passed the racial profiling law galvanizing the Latino vote to vote against them), they aren't going to gain anything in November despite the media's attempt to convince everybody that this is somehow 1994 all over agin.

    April 28, 2010 02:39 pm at 2:39 pm |
  16. Four and The Door

    Senate Majority leader Harry Reid has a tough time getting things done when he has to work with someone other than his own party.
    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?

    April 28, 2010 02:44 pm at 2:44 pm |
  17. Anonymous

    Republicans can't even agree to debate now? Pitiful.

    April 28, 2010 02:46 pm at 2:46 pm |
  18. Anonymous

    Republicans just want to keep backroom dealing.. Where you at Tea party? you sick of these types of deal right?

    April 28, 2010 02:50 pm at 2:50 pm |
  19. Ed, Santa Fe, NM

    good old GOP OBSTRUCTIONISM... that's about all they're good for... SCUM

    April 28, 2010 03:00 pm at 3:00 pm |
  20. Will in Carson City

    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?

    April 28, 2010 03:00 pm at 3:00 pm |
  21. Anonymous

    If you're a farmer in east Arkansas, you want to hedge against the prospect that you'll have a bad crop year," Clinton said. "That has legitimate economic purposes. What purpose was served by this?"
    ______________________________________________________

    If people really knew what this statement meant, then they would understand why Wall Street needs reform. When a farmer can stay in business, then there is a long line of jobs that are saved. In addtion to manufacturing jobs being saved, there is that something call GDP to which the farmer is contributing. If that's not enough justification, then think about how the farmer helps keep our food cost lower than most of the world. And oh BTW, the farmer helps this country export goods, which in turn bring cash flow into our economy.

    And a derivative for Wall Street, just a gambling bet that the rich can place to try to get richer.

    There are good people on Wall Street who provide good services, but power and greed infiltrates every part of society. In this case, the people and other victims don't have the power to control the greedy and political influential.

    Pass Wall Street Reform

    April 28, 2010 03:02 pm at 3:02 pm |
  22. cph9680

    I guess the third time's not a charm?

    April 28, 2010 03:03 pm at 3:03 pm |
  23. Sue from Ct

    The "nay squad" is at it again!

    April 28, 2010 03:07 pm at 3:07 pm |
  24. Annie, Atlanta

    Are Republicans so confident in gains in congress this coming November that they will put the screws to us in order to garner a better bill for the people they apparently care the most about, Wall Streeters? I hope Americans area paying attention, and learning. It's important to show up for every vote, not just the big ones.

    April 28, 2010 03:10 pm at 3:10 pm |
  25. Annie, Atlanta

    Correction: that's "are paying attention," not "area paying attention." Thanks.

    April 28, 2010 03:10 pm at 3:10 pm |
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