May 11th, 2010
12:17 PM ET
4 years ago

Senate's Wall Street bill in homestretch

Washington (CNNMoney.com) – Democrats say they want this to be the week that they wrap up changes to the Wall Street reform bill that aims to stop bailouts, shine a light on complex financial products and strengthen consumer protection.

But they need Republicans to help them. And while there has been some GOP support, it isn't coming fast enough for the Dems' taste.

Nobody knows for sure exactly when the Senate will vote on the final overhaul that's been more than a year in the making. But veteran lobbyists for banks and consumer groups believe that the vote will take place by the end of next week.

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Filed under: Congress • Wall Street
soundoff (20 Responses)
  1. Dominican mama 4 Obama

    Please, please, please do NOT dilute this very important bill. We are still in the recovery mode from the disaster that was precipitated by lack of regulation and oversight.

    Please do not cave in to the Democraps and RethugliKKKlans who are in torrid affairs with the very folks at whom this bill is aimed.

    COJONES are on sale at your local department stores. Go out and buy yourselves an extra set. If you thought the Healthcare fight was something you all better brace yourselves!!!

    May 11, 2010 12:30 pm at 12:30 pm |
  2. ThinkAgain

    I hope this bill has some real teeth in it and provide consumers real protection.

    Reasonable regulation is not too much to ask for an industry awash in money. If these companies can't make money without risking taking down the global economy and destroying people's lives, then they don't deserve to be in business.

    May 11, 2010 12:37 pm at 12:37 pm |
  3. Sarah the baby seal basher

    Good,now where is Sarah and her "drill,baby drill?

    May 11, 2010 12:42 pm at 12:42 pm |
  4. All the news that is fit to omit

    Except of course the bailouts to Fannie and Freddie will continue.

    Dodd who wrote the bill IS NUMBER ONE ON THEIR list and the pusher of the bogus bill Oweblamo is number two...

    Hey maybe that's why they got left out of any reform.....

    Quid Pro Quo, or as libtards call it, BUSINESS as usual.

    Sheep, noting but rahmtard sheep....

    May 11, 2010 12:42 pm at 12:42 pm |
  5. MDM

    Still no mention of what to do with Fannie Mae or Freddie Mac..... and in just the last week they asked for approximately $20B more...

    May 11, 2010 12:46 pm at 12:46 pm |
  6. Dan Shafer

    My suggestion, keep covering Fannie and Freddie. Barney Frank is the man.

    May 11, 2010 12:50 pm at 12:50 pm |
  7. SocialismBad

    I can hardly wait to see what disaster the DemocRATS will create with their "reform".

    All the while totally IGNORING FANNIE MAE and FREDDIE MAC, their massive multi-billion-dollar-failures. Who is going to haul the politcians up on a stand to testify on THEIR ROLE in this financial disaster that we contiinue to pay HUNDREDS OF BILLIONS of dollars to "fix"?

    May 11, 2010 12:53 pm at 12:53 pm |
  8. JES

    Is there anything else you want to ram down our throats before you are voted out in November.

    In my life I don't think I have seen anything like this before.

    May 11, 2010 12:59 pm at 12:59 pm |
  9. Gil

    The republicans will not change their image and will continue to do nothing, like they have done for a year and half, by saying, NO< NO< NO! Pathetic aren't they!

    May 11, 2010 01:03 pm at 1:03 pm |
  10. NYC REPUB

    Fannie & Fannie will be dealt with........
    What people should understand is that this FIN package is for the financial markets......F&F deal w/ housing, & real estate, and will be dealt w/ seperately.......We can't do everything at once....Patience young grasshoppers.

    May 11, 2010 01:25 pm at 1:25 pm |
  11. Wisconsinite

    Democrats, do NOT cave to the Grand Old Obstuctionists and dilute this bill! America needs financial regulation with teeth in it and we need it now! Republican'ts are still trotting out that old song and dance about Health Reform . . . "the majority of Americans did not want this bill". Well guess what Rethugs???? The majority of Americans WANT strong regulation of Wall Street so either get onboard or GET OUT OF THE WAY! If you continue to obstruct you will fail!!! Niovember is just around the corner . . . .

    May 11, 2010 01:30 pm at 1:30 pm |
  12. Pragmatic

    ... this discussion, debate and amendments along with voting is the way our government was designed to work ...

    which is why the republicans should feel shame at trying to kill this bill (and all the discussion, debate and amendments) BEFORE it even reached the floor!

    May 11, 2010 01:34 pm at 1:34 pm |
  13. JohnRJ08

    It is shocking that Republicans in the Senate are dragging their feet on Wall Street reform. This sounds like another case of the GOP demanding a "perfect" bill before they will even participate in the process. Then, they complain about not being consulted in the writing of the bill. I hold the GOP leadership responsible for this ongoing obstructionism. Mitch McConnell, John Cornyn, Eric Cantor and John Boehner continue to behave like a bunch of Old South white men who are determined to bring down the country's first African-American president. Shameful.

    May 11, 2010 01:45 pm at 1:45 pm |
  14. JonDie

    So does that mean that we can expect another terrorist attack like the one that Wall Street launched last week?

    After all, does anyone really think the DOW dropping almost 1,000 points in six minutes was a "glitch?"

    May 11, 2010 01:50 pm at 1:50 pm |
  15. Bob in PA

    Kill this bill or 1984 will finally be upon us.
    Big Brother will now know every financial tidbit about you, every ATM withdrawl, account deposit, creditcard charge, what you bought ....

    May 11, 2010 01:51 pm at 1:51 pm |
  16. Bob in PA

    You all are out there crying that Wall Street has taken liberties and they need to pay. What you don't know is exactly what is in this piece of legislation. It does nothing to cure the woes we have recently gone through. It leaves the heart of the last financial attack alone (Fannie and Freddie ). It does however give the President and others some powers that should be considered and challanged as unconstitutional.

    It' may be time to start stuffing the mattress with green backs again.

    May 11, 2010 01:57 pm at 1:57 pm |
  17. John D

    This will end up another loop holed filled nightmare just like everything else the government in their infinite lack of wisdom tackle. The dems need to get their heads out of the sand and tackle job creation not Nation Destruction!

    May 11, 2010 02:20 pm at 2:20 pm |
  18. haren

    Stop talking about Freddie and Fannie.
    They are created to help middle class people to get mortgage.

    May 11, 2010 02:27 pm at 2:27 pm |
  19. joe

    If done corectly this bill will be good. Everyone has to be included including the hedge funds and FANNIE MAE and FREDDIC MAC. If the darling of the Dems FANNIE and FREDDIE are not included not the hedge funds which contributed 30 million to the Dems an d only 4000,000 to the Reps, then this bill is no good. If those tow are not included we know it will be the Dems and not the Reps this time. Of course all the liberals/sociaist and left wingers will blame the Republicans, but the fact are there staring everyone in the face....

    May 11, 2010 02:49 pm at 2:49 pm |
  20. Steve (the real one)

    ThinkAgain May 11th, 2010 12:37 pm ET

    I hope this bill has some real teeth in it and provide consumers real protection.
    ----------–
    One could hope but its more likely to be this bill will have less teeth than Grandpa. Too much money flowing from Wall Street to the pockets of the politician

    May 11, 2010 02:53 pm at 2:53 pm |