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. Oregon Calling

    Bipartisan?!?!? Are these guys nuts? They will never agree with the President or the Democrats for that matter. Make it an up or down vote.

    Peace 🙂

    April 26, 2010 12:19 pm at 12:19 pm |
  2. Danny Cali

    That's why we said big "NO" Party huh.............!

    April 26, 2010 12:19 pm at 12:19 pm |
  3. Brink

    Call them out and make them accountable. Someone demand to see the GOP version of Finance Reform and when they don't produce it or say sorry, the copier is jammed or my dog ate it, expose them for the obstructionists that they are. Time to bring a little truth and common sense into this. The Administration's stance should be "Help solve America's problems or get out of the way!

    April 26, 2010 12:23 pm at 12:23 pm |
  4. Cosmo

    Tow-thirds of America wants Finance Reform. Why does the GOP continue to thwart the will of the people? Can't wait for November.

    April 26, 2010 12:26 pm at 12:26 pm |
  5. Edna

    Republicans don't want to debate, because they have nothing to debate. They are clueless. They want the banks to have their cake and eat it, too. They are not interested in the welfare of the American people. I can not wait until November when the Republicans are voted out of office. They are so sure that they will take over the House and the Senate. Dream on!!!!

    April 26, 2010 12:28 pm at 12:28 pm |
  6. Tony in Maine

    translation of bipartisan compromise: one that has been approved by McConnell's bosses on Wall St.

    April 26, 2010 12:29 pm at 12:29 pm |
  7. AK Steve

    I think the republicans are missing out on one small detail. "Bi-partisan" means they have to show up willing to work. They complain that is isn't bi-partisan but what have they done to work with the other side?

    NOTHING.

    April 26, 2010 12:30 pm at 12:30 pm |
  8. A True American

    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.

    April 26, 2010 12:32 pm at 12:32 pm |
  9. Darko

    The current bill fosters future bailouts and gives the executive branch unchecked powers on shutting down 'failing' institutions. There are no checks on this bill and it doesn't do what the dems say it does.

    Sorry, back to the drawing room.

    We can't handle another 1300 page bill rushed through Congress just so the dems can score some political points before November.

    April 26, 2010 12:35 pm at 12:35 pm |
  10. George Guadiane - Austerlitz, NY

    NOW THEY WANT TO BE BIPARTISAN???
    Give me a break. I want them ALL, Republicans and Democrats to be responsible to "We The People" and do what will protect us from self serving, ethics-less, money grubbing "innovative" marketers of whatever new snake oil they come up with...

    And I want ALL OF THEM to propose ENFORCEABLE CRIMINAL LIABILITY in that reform. It really is time for American CITIZENS to have the services of Congress whom we pay to represent US.

    April 26, 2010 12:35 pm at 12:35 pm |
  11. Marty, FL

    This is where mainstream media 'should' acknowledge the truth that finance reform already has bipartisan compromise. In fact, Sen. Grassley voted in bipartisan manner last week on this finance reform in committee.

    April 26, 2010 12:37 pm at 12:37 pm |
  12. Robert Jay

    Just more stupid obstructism! The financial indutry almost destroys our country (for the second time in twenty years – remember Old man Bush's fiasco with the Savings and Loan industry fiasco?) and Our noble country first / party second (Ha!) Republicans want Bi partisan agreement. They should have gotten it between 1994 and 2010. Now they should just get out of the way – like it or not – and shut up! _we don't like you- trust you- believe you or want you- find a hole and crawl in it! -PS might as well start now cause in November you're history period!

    April 26, 2010 12:42 pm at 12:42 pm |
  13. Anonymous

    The party of NO at it again, they will continue their NO NO NO until the mid term elections when the Americans vote and send them a message that we are tired of their Stonewalling, Whinning, bellyaching, Fillabustering and unwillingness to work for this country and the people of this country........they are only out for themselves and their Republican party....they don't want Obama to have anymore credit for trying to get this country back on it's feet, because it will make them all look like the hypocrites that they all are

    April 26, 2010 12:45 pm at 12:45 pm |
  14. Anonymous

    The GOP will block any bill that will protect the Average American from financial ruin. They want to go back hundreds of years to the days of Kings and Servants. Capitalism must be stopped, vote these CLOWNS out.

    April 26, 2010 12:48 pm at 12:48 pm |
  15. Peejay

    @Darko – Do you have backup for your Frank Luntz "facts"? At least you didn't say they're "ramming it down your throat".

    April 26, 2010 12:53 pm at 12:53 pm |
  16. d1120

    forget this crapola....we need JOBS !

    April 26, 2010 12:56 pm at 12:56 pm |
  17. Laverne

    Average American WAKE UP! The republicans are NOT for you, never have been and never will be.

    April 26, 2010 12:57 pm at 12:57 pm |
  18. If We Can Defeat Him On Health Care It Will Be His Waterloo

    It's not about Wall Street, it's about GOP (Got Obama Psychosis)

    April 26, 2010 12:58 pm at 12:58 pm |
  19. John in Binghamton NY

    Classic GOP. Refuse to debate until you get your way. More like classic 3 year old. What is next hold your breath and flop around on the floor? They yous make them do that if they want to filibuster.

    April 26, 2010 01:00 pm at 1:00 pm |
  20. Joe from CT, not Lieberman

    I love it. One Senator objects to opening the discussion on the bill and now they need a procedural vote to see if they can discuss it! C'mon, PARTY OF NO! One of you have the courage to tell Mitch McConnell to stuff it and allow for free and open debate. He claims there wasn't enough Republican input, but when they offer no input in committee it is kind of hard to say they had no input. Now they are afraid of Democrats fillibustering any ammendments they propose! And you wonder why confidence is at an all time low. Let's see, keep all the open Democratic seats and overturn about 5 or 6 Republican seats and then lets change the fillibuster rules to only need a Majority! I get tired of senators representing less than 20% of our population holding up legislation that 80% of the country (including folks from their own states) need!

    April 26, 2010 01:01 pm at 1:01 pm |
  21. Patty

    I am tired of hearing Democrats Vs Republicans. I am tired of career politicians who are already worried about November. It's like little kids fighting on a playgjround. Grow up and do what is best for American and the people. And if you don't get elected in November, why worry. Heck, you still have your health care coverage and retirement!

    April 26, 2010 01:01 pm at 1:01 pm |
  22. Steph

    It seems that the current plan uses the banks own money to create a fund for an orderly dismantling of a failing bank. What is wrong with that? Making the banks save for a rainy day...to protect us from some crazy violent collapse of a big bank (which holds OUR money). The Republicans are against this???? SERIOUSLY?!?!

    April 26, 2010 01:02 pm at 1:02 pm |
  23. Bob in PA

    The last thing this country needs is another one sided idea. The policies created by Democrats in Congress are already responsible for the financial mess we are currently passing through. Why on earth would we want them to put forth a future fix. If they can't get 80% of Congress to back a piece of Legislation, then it is garbage plain and simple.

    April 26, 2010 01:02 pm at 1:02 pm |
  24. Sniffit

    Sooo, studies show that our children are falling behind several other countries in terms of education...particularly math and science. Perhaps it's time we stopped teaching them that 41% equals a majority. Here's the truth, bare bones:

    The word "bipartisanship" is used by the GOP for the express purpose of avoiding behaving in a bipartisan manner. Irony 1,765,987: GOP 0. They will (and have been for over a year now) refuse to come to the table with anything other than ideological platitudes and blather, not real practical solutions and alternatives, then block everyhing and anything proposed on the grounds that they weren't listened to and it wasn't "a bipartisan process." Why? Because they do not want anything to get done whatsoever that might be a victory for Obama and the Dems. Unfortunately for us, a victory for Obama and the Dems (or any politician) is defined as them doing things that help us. The GOP can NOT let that happen at ALL costs. Too bad WE pay those costs...not them.

    April 26, 2010 01:03 pm at 1:03 pm |
  25. Ben in Texas

    "But, as of now, Republicans say they oppose debate until a bipartisan compromise is reached. "

    ... or hell freezes over. Whichever comes last.

    April 26, 2010 01:03 pm at 1:03 pm |
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