April 26th, 2010
04:56 PM ET
10 years ago

Senate vote to kick off Wall Street reform push

Washington (CNNMoney.com) - The full Senate is poised to vote Monday evening on whether to take up Wall Street reform, but key lawmakers still lack a deal to get the debate started.

"Today's vote to begin debate on Wall Street accountability will answer many questions," said Senate Majority Leader Harry Reid on Monday. "It will reveal who believes we need to strengthen oversight on Wall Street and who does not."

However, congressional aides and veterans watchers do not expect Democrats to get the 60 votes needed to overcome a filibuster stopping any official debate before lawmakers on the Senate Banking Committee negotiate a deal.

Democrats and Republicans still disagree about the way to go about preventing future bailouts, cracking down on risky bets and ensuring consumers have stronger protection.

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Filed under: Harry Reid • Wall Street
soundoff (35 Responses)
  1. ran

    This is why we need to go after not only the fear/hate/obstructionist/purity Republicans but the so called "blue dogs" code for Republicans.

    We have a real chance to get ride of the elected officials who are not there to do for the people but there instead for the special interest groups ( banks, for-profit health insurance companies and big oil).; by electing either a true Democrat or Independent in 2010 and we can say "NO" to the Republicans.

    April 26, 2010 06:02 pm at 6:02 pm |
  2. jbs

    Republicans expanted the Government so why do people think that it is the Democrats. There a lot of idiots conditioned by the GOP to vote their way.

    April 26, 2010 06:03 pm at 6:03 pm |
  3. Judy

    Regulate means fixing all the problems the Republicans left us the last eight years. GOP means Grand Old Party sitting on their BUTTS
    doing absolutely nothing!

    April 26, 2010 06:06 pm at 6:06 pm |
  4. Terry from Baltimore

    Reid is a scumbag!!!!!!! Everyone knows that it was Barney Frank and the lib democrats who forced banks and lenders to lend to minorities who could not afford the homes they were purchasing, all so that they could get their votes! So now Reid wants to make the terrible banks suffer for doing what was forced onto them by himself and the lib dems! I am so utterly embarassed to call myself an american with this awful congress and president we have, I mean seriously this is like amatuer night at the oasis!

    April 26, 2010 06:09 pm at 6:09 pm |
  5. CBR

    Is there anyone else who feels that concept of a Republican voting bloc is
    getting old. Sen. McConnell must have some power to keep the Republicans in lock step.

    Where are the people who are free thinkers/ Why do they keep voting against everything? First, Lindsey Graham refuses to work on Climate Change – he picked up his marbles and went home like a child. Now the rest of the GOP does not believe that regulations are necessary on Wall Street. How soon they forget about the people who suffered and are suffering because the banks in this country treated our money as the steps to make millions. Instead millions of people lost retirement funds, life savings, and their homes all because Wall St. and banks used our money to get rich quick.

    So where are the TEA party people. Whoops I forgot this is not an Obama problem and they wont cross the conservatives.

    April 26, 2010 06:10 pm at 6:10 pm |
  6. Peggy

    Strong regulations work. Get on with it. Not a big thing as other countries are doing this successfully.

    April 26, 2010 06:21 pm at 6:21 pm |
  7. Kathleen

    Should the republicans vote against regulating these Corporations and Wall Street, they deserve to lose the election. EACH ONE OF THEM. They don't want to vote against their friends, but they will have to. In the end, they will be forced to vote for the regulations, but what kind of politicians should be forced. Do we want them?

    April 26, 2010 06:58 pm at 6:58 pm |
  8. Marie

    Republicans need the fat cats on wall street to keep their pockets fat and help keep them in congress Where are the tea baggers now?How do these people sleep at night?Oh I forgot their families are secure so why worry about all of us struggling americans while they allow wall street to give to them and take from us

    April 26, 2010 07:23 pm at 7:23 pm |
  9. TonyInLargo

    Those with even relatively small savings accounts should be aware of the Republican defense of the Wall Street Thugs who can put their banks in peril if they are not subjected to closer oversight.

    April 26, 2010 07:27 pm at 7:27 pm |

    The Democrats should physically make the Republicans Filibuster. Meaning make them stand up and talk until they drop. Show the American people how the Republicans are for the big banks screwing us. Don't just take their word for it, make them do it.

    In NOvember, Vote NO to the party of NO.

    April 26, 2010 07:52 pm at 7:52 pm |
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