May 20th, 2010
08:48 AM ET
5 years ago

Wall Street reform: Another vote coming

After falling three votes shy, Democratic leaders in the Senate plan to try again Thursday to secure enough votes to push Wall Street reform forward.
After falling three votes shy, Democratic leaders in the Senate plan to try again Thursday to secure enough votes to push Wall Street reform forward.

WASHINGTON (CNNMoney.com) - After falling three votes shy, Democratic leaders in the Senate plan to try again Thursday to secure enough votes to push Wall Street reform forward.

The Senate on Wednesday, after months of negotiation and debate, rejected a bid to end debate on far-reaching legislation to overhaul the rules of finance.

The measure aims to stop bailouts, shine a light on complex financial products and strengthen consumer protection.

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soundoff (31 Responses)
  1. stevegee

    The Democrats caused the Great Recession via Fannie, Freddie and the Community Reinvestment Act, and now they're going to fix it. That's rich!

    Here's a better idea: repeal all financial legislation and let the market economy work. Then if Wall Street businesses make bad investment decisions, they go bankrupt. If they make good investments, they prosper.

    May 20, 2010 10:35 am at 10:35 am |
  2. Liz the First

    Once again the republicans prove to everyone whose side they're on, and it's not the side of the American people. they stand with the wall st. megamillionaires and against the average Joe on main street. how long is it going to take the masses in their base to figure out they're being royally screwed by these champions of the robber barons? it better happen before November or this country will go the way of the dodo bird and passenger pigeon.

    May 20, 2010 10:36 am at 10:36 am |
  3. GI Joe

    The republicans whine and cry like spoiled little 2-year olds, but they are NOT willing to do anything about our problems.

    VOTE MORE OF THEM OUT IN NOVEMBER.

    I'm mad – NO is not a solution. NO is not leading.

    Vote NO to the Party of NO NO NO NO NO

    May 20, 2010 10:38 am at 10:38 am |
  4. Chessnutz of Liverpool NY

    What we really need is congressional reform. What the American voter wants is true representation for "We the People" We do not want a ruling class, we do not want to have represenation of wealth before the people.
    This November 2010 tell Congress "You Are Fired"!

    May 20, 2010 10:43 am at 10:43 am |
  5. Dominican mama 4 Obama

    Congress needs to finally enact tough reforms to prevent Wall Street from driving our economy into the ditch again," Feingold said in a statement. "As the bill stands, it fails that test."

    --------------------------------
    I respect her reasons for voting NO. I believe she is absolutely right. If we're going to reform then let's do it correctly, thoroughly, and effectively.

    As much as I was for the Healthcare reform, the final product was a piece of legislative watered-down Kool-Aid.

    Now Senator Brown reneging on his word is just plain pitiful, and speaks volumes about the man himself. Do not give someone your word unless you're ready to keep it. That's old school for you young'uns!

    May 20, 2010 10:48 am at 10:48 am |
  6. Dave

    Apparantly Paying off and Bailing out wall street is now referred to as:
    "REFORM"

    VOTE THIS IDIOTS OUT PLEASE!!!!!!!!1

    May 20, 2010 10:49 am at 10:49 am |
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