April 26th, 2010
12:05 PM ET
13 years ago

FAQ: Wall Street reform bill

Washington (CNNMoney.com) - Senate Democrats want to bring a Wall Street reform bill to the floor as soon as Monday.

But, as of now, Republicans say they oppose debate until a bipartisan compromise is reached. And, unless one Republican joins the 59 Senate Democrats in voting to begin debate, it won't happen.

Read the FAQ's here

Filed under: CNNMoney.com • Financial Reform
soundoff (75 Responses)
  1. Frank

    I lost my house in a foreclosure thanks to these clowns and their lack of regulation. NOBODY would do anything. they lost checks, didn't cash them, said they never got them then returned them months later. upped the mortgage, said I owed thousands for 'tax increases' which never happened.

    The only good Republican is a dead Republican. We used to say that in Texas a lot. Too bad we forgot that truism.

    April 26, 2010 02:03 pm at 2:03 pm |
  2. AP in Illinois

    I say let them block it. The Dems need to bring it up for a vote and let the chips fall. Let the Republicans filibuster for as long as they need to. Then every news program in America can show Mitch McConnel reading the phone book until late at night for weeks... I am just guessing but I don't think the GOP wants that either.

    April 26, 2010 02:06 pm at 2:06 pm |
  3. Anonymous

    Congressional rules need to be streamlined. It's ridiculous that the Party of Obstruction can do this over and over again.... for what gain? None. Just OBSTRUCTIONISM.

    April 26, 2010 02:06 pm at 2:06 pm |
  4. jeff jackson, alabama

    This bill does not protect anybody from financial
    ruin. Read the bill. It takes inhouse financing away
    from private businesses that offer lower rates to
    customers that the local banks do.
    Wall Street didn't cause the problem people.
    Wall Street reacted to the problem !!!

    April 26, 2010 02:12 pm at 2:12 pm |
  5. notfooledbydistractions

    Go for it republicans, block the bill. Then let's have a real good old fashioned fillibuster so the american public can watch you support the interests of the financial industry over the interests of the voters.

    The gobaggers are on the wrong side of public opinion in this, but I guess campaign contributions matter more than the public. I don't give a rats patootie about bipartisianship – I want good solid legislation.

    April 26, 2010 02:17 pm at 2:17 pm |
  6. Ex-Republican since McCain picked Palin

    Rightly said Brink!!!!! Someone needs to call them out and stop all this.

    April 26, 2010 02:23 pm at 2:23 pm |
  7. Barbara Independent in NY

    Will someone please tell these morons that they need to participate in order for anything to be bipartisan. However, anyone that pays attention knows that the Republicans will support Wall Street. They're just trying to slow down the process.

    April 26, 2010 02:24 pm at 2:24 pm |
  8. haren

    Massachusetts look what you gave us.
    Make sure this guy Scott Brown does not win again.

    April 26, 2010 02:25 pm at 2:25 pm |
  9. Jim,Virginia

    Warren Buffet is trying to get the legislation changed so that he doesn't take a big financial hit.His allies are Chris Dodd and Blanche Lincoln and other Dems.It's amazing how people blame rich Republicans for the mess we're in when you have just as many wealthy democrats supporting a Congress that can give them whatever they want.The last time i checked there is a dem. president and a dem. controlled Congress.

    April 26, 2010 02:30 pm at 2:30 pm |
  10. donna

    It appears that hang up may be democrats refusal to put any restrictions on Fannie Mae and Freddie Mac. Of course these two pseudo gov't agencies wasted billions in last few years but democrats treat them as private piggy banks for their agendas so do not want any changes there......

    April 26, 2010 02:31 pm at 2:31 pm |
  11. Richard-Arkansas

    Bring it to the floor and call for a vote and if they want to filibuster, bring in the cots and actually make them do it. Makes great news! No one goes home for a week-end or a break or summer or electioneering until EVERY bill is voted upon. The Republicans want to block stuff-then actually do it and you Democrats need to quit accepting their comment and saying "thank you". Put up or shut up. And, give up your salary while you aren't working and the Republicans certainly need to have their salaries and their staffs cut. Can't take too many people to say "no". In fact, there are quite a number of 3-year olds who could fill in for them.

    April 26, 2010 02:32 pm at 2:32 pm |
  12. Stewart - Las Vegas

    "A True American" & Darko & Marty – Florida

    " Step away from the crack pipe" !

    Yes, the Bill is Bipartisan, but the GOP still have to vote "NO" because, they can't give Obama another victory!

    And for "A True American" George W. Bush wouldn't know a "Great President" if he tripped over one!

    And as for "Darko" more of the 1300 pages, Please! you did not read that bill, just as you have not read this one.

    Their are no Bailout provisions, in this bill. NONE, Nada, The banks would have to pay into a fund out of their own pocket, so if they pull this crap again, that fund would be used to basically to "Blow them Up" sell off the pieces, and put the remainder into a Chapter 7 liquidation.

    Try the facts, instead of GOP talking points!!!

    April 26, 2010 02:32 pm at 2:32 pm |
  13. Gary

    Again, it looks like the Party of NO wants to maintain the status quo...

    April 26, 2010 02:37 pm at 2:37 pm |
  14. southerncousin

    Just like that credit card act they did for us. Raised cost and stupidly written. Obama care, raised cost and stupidly written, like SCHIP, stupid and poorly written and raised costs, When will the libertards learn. I guess never, boot them in the mid terms. Anything that comes out of this congress is stupid, poorly written and raises costs for the hard working people of the country.

    April 26, 2010 02:39 pm at 2:39 pm |
  15. jake

    Hey True American At least President Obama wasn't running around holding hands with them!

    April 26, 2010 02:41 pm at 2:41 pm |
  16. Carmelle

    A True American April 26th, 2010 12:32 pm ET

    Thank you George W. Bush for eight great years as our President. I didn’t realize how great of a President you were until the current administration took over. You never “Bowed” to any foreign leaders and never ran around apologizing for America being number 1. You got us through 911, Hurricane Katrina, the California wild fires, the Florida Hurricanes and still kept the national dept three times lower than it is now. I only wish you could return to the White House and fix what this current President has done to this great Country..May God always Bless you and your beautiful family.

    Since this country is changing so much and the devil is now the POTUS what are you waiting for to move? Take RL, GB and SarahP with you.

    April 26, 2010 02:42 pm at 2:42 pm |
  17. jamarsu

    To A True American:

    Are you blind and Deaf. Also I take offense to your chosen screen name.

    April 26, 2010 02:44 pm at 2:44 pm |
  18. jake

    republicans are crazy, but they do know how to say no

    April 26, 2010 02:45 pm at 2:45 pm |
  19. Johnny B

    Isn't it the Republicans who claim that deregulation is best for business?
    Wasn't it deregulation that caused the mess in the first place?
    So now the republican want to keep the status-quo. So that the financial mess can happen again? Republicans have your best interest in mind as they fight financial reform... Like trusting a coyote to guard the hen house!!!

    April 26, 2010 02:46 pm at 2:46 pm |
  20. Steve (the real one)

    Hey, I have a great idea. Let's have yet a other bill passed by Congress without them reading it. To borrow a phrase from Pelosi, "let's pass it so we know what's in it". Just words, just speeches? Yep! Therevare no guts to really reform jack! Why? Too much money flowing from Wall Street to the politicians! Why was the CEO of Goldman Sachs in the White House so often? Hmmmm!!!

    April 26, 2010 02:47 pm at 2:47 pm |
  21. Anonymous

    I listened to comments by Chris Dodd earlier today. It is amazing that the folks in Congress (Dodd and club) are spinning up legislation, but have no understanding whatever of what an investment, trade or position is. God help us all.

    April 26, 2010 02:51 pm at 2:51 pm |
  22. Aaron

    Same tactics they used in Health Care Reform and now Climate Change and now Financial reform. Claim a desire to work together, fake it as long as the Democrats believe it's a possibility and then say "NO." Really Lindsay? Were you ever really planning on moving a bipartisan bill forward? I doubt it. Just more stonewalling by the party of "NO IDEAS."

    April 26, 2010 02:56 pm at 2:56 pm |
  23. Ken

    When I see the CRA thrown out and Fannie, Freddie, and Wall Street firms like GS stop funneling millions to Democrats, then there will be a chance of meaningful financial reform. Otherwise, it is just political pandering to the mindless masses. I was embarased listening to Senator Dodd today. He is in charge of this "reform" and from his statements, he as no understanding whatever of finance, trading, investing or basic economics. His plans will continue the liberal butchering of the once great and free United States of America. God help us all.

    April 26, 2010 02:56 pm at 2:56 pm |
  24. Open Minded Realist

    What is 'A True American' smoking?? The current administration although far from perfect is heads above in how hard it works and the ability to move major issues forward and begin to solve the problems left from the Bush administration.

    April 26, 2010 02:57 pm at 2:57 pm |
  25. jonny

    Repubs Support Wall Street Unregulated Clandestine Powers!
    Let their heads roll.

    April 26, 2010 02:58 pm at 2:58 pm |
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