April 22nd, 2010
05:56 PM ET
12 years ago

Dems on financial reform bill: 'The games are over'

Washington (CNN) - Senate Democrats called out Republicans on Thursday for what they said was the promotion of "falsehoods" on the financial reform bill and vowed to move the bill forward.

Republican leadership has "decided the best way to stop it ... is by polluting the debate with myths and mischaracterizations," Senate Majority Leader Harry Reid said at a news conference after President Obama's speech on financial reform in New York.

"I'm not going to waste any more time. ... If they let us go to it, we'll be happy to start debate," Reid said. "The games are over."

The Senate's financial reform bill would set up new regulatory oversight of the financial industry's practices with the goal of preventing another Wall Street meltdown like the one in 2008 that launched the U.S. recession.

On Thursday, Reid filed a motion to end debate on the bill, setting up that vote for Monday. The expected outcome of the vote is too close to call. Reid said Democrats are willing to work with Republicans if they are earnest about pushing the bill forward.

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Filed under: Democrats • Financial Reform
soundoff (40 Responses)
  1. Kent in CA

    I say, let 'em filibuster, Harry. Force them to filibuster. Enough of this playing around trying to get consensus when they have been showing plainly for over a year that they have no interest in reaching an accord. Force the vote. Force the filibuster. Let them shut down the U.S. Senate to protect the financial services fat cats. Then the people will respond in November.
    Call their bluff, Harry. Floor vote now!

    April 22, 2010 07:19 pm at 7:19 pm |
  2. willard bullock

    Iam not trust of presdient obama are keep dangerous

    April 22, 2010 07:25 pm at 7:25 pm |
  3. fed up

    Way to go! It is time for the republicans to stop being obstructionists! The democrats need to get a backbone, and we need to start working on what is best for the people, and not for their own political party. Either work together, or get out of the way. Working together is about comprise.

    April 22, 2010 07:28 pm at 7:28 pm |
  4. GI Joe

    The republicans = party before people or country.

    They will just stall and stall and stall. They aren't going to do anything except try to get back in control–party before people (germany 1938).

    April 22, 2010 07:30 pm at 7:30 pm |
  5. Limbaugh is a liberal

    Stop the presses! Republicans willfully mischaracterizing a bill? Unheard of!

    April 22, 2010 07:42 pm at 7:42 pm |
  6. Peter E

    After years of whining about democrats' 'obstructionism' and calling for not just bills to go forward, but whining and whizzing until they get an 'up or down vote' the republicans really show their true colors by attempting to block bills from even being debated! This despite their constant complaint that people don't know what's in those bills, now they want to even prevent people from ever knowing what's in those bills. It's as if they're afraid in the debates the facts may come forward and dispell their lies about it!

    April 22, 2010 07:45 pm at 7:45 pm |
  7. Dominican mama 4 Obama

    I say it's the Democrats turn now. Let the games BEGIN!!!!!!

    April 22, 2010 07:46 pm at 7:46 pm |
  8. Just say NO to the fat cats

    Just like voting is SUPPOSED to do... to reform Wall Street we must stop doing business with those companies that quite literally, hand out these undeserved huge bonuses. Like the rest of us these greedlings must EARN these bonuses instead of being rewarded for failure. It's just wrong.
    When I read what B of A execs were getting as a year end "bonus" I closed all of my accounts and opened them in a local bank. Same benefits, fees, and treated much more personally

    April 22, 2010 07:52 pm at 7:52 pm |
  9. Larry

    Move it forward Democrats!

    April 22, 2010 07:54 pm at 7:54 pm |
  10. Jerry - Florida

    Mr. Reed to Republicans: Do what we tell you or we will seek President NObama's lap dogs on you!

    How can this senile idiot (Reed) expect the Republican to work with him in good faith under these circumstances?

    Arizonans, this man has become an embarrassment not only to your great state, but to the whole country.

    He talks about bipartisanship, but he does not know what it means. I would venture to guess that President NObama has taught him well. Or, is it the other way around?

    Arizonans, now it's really up to you. And don't worry about Mr. Reed's future, thanks to us taxpayers, he and his family are definitely set for life.

    April 22, 2010 08:14 pm at 8:14 pm |
  11. Papasan in Az

    The Corporate Masters say, "Shut up & get back to work SLAVES!"...

    Lazy Corporate Slaves will be farmed out, No McSlave Burgers, No Slave Wages, No Slave Fun, No McInternet, etc...

    All Wall Street Hating Corporate Slaves are to turn themselves over to the McSlave Camp for Re-Educating.

    No More Regulation of Wall Street talk, it's bad, makes all the Corporate Masters Very Angry!

    You Stupid Corporate Slaves will never learn...

    You can't win the GAME [Wall Street] when it's rigged!


    Break Time Over..Get Back to WORK!

    April 22, 2010 08:15 pm at 8:15 pm |
  12. Hey geezer

    Nevada has a opening in the unemployment line for a dweeb. Check it out why don't you.

    April 22, 2010 08:54 pm at 8:54 pm |
  13. John D

    You mean HARRY REID will actually tell the truth about something. This bill is as flawed as the Healthcare bill is. It's got Dodds name all over it!

    Why do you people think most of the stuff in the healthcare bill doesn't even kick in till most of these bozos are long gone? Even the things they said would kick in immediately. the only saving grace is that congress will have to enroll in it. Why do you think they are scrambling to change that? Because it is the worst piece of legislation to ever become a law!

    April 22, 2010 09:00 pm at 9:00 pm |
  14. jbakaregit

    It's about time Reid. Don't put up with their stall tactics and "lets start over" crap. The minute the GOP puts out some "death panel" lie about reforming Wall Street, get in front of the cameras and refute it over and over so people won't be fooled.

    April 22, 2010 09:21 pm at 9:21 pm |
  15. vbj

    Good! Finally the Dems have figured out the repubs strategy and are calling their bluff!

    April 22, 2010 09:28 pm at 9:28 pm |
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