May 20th, 2010
02:36 PM ET
13 years ago

Senate Democrats predict financial regulations victory

[cnn-photo-caption image= caption="Sen. Dick Durbin said Thursday that Democrats will have the 60 votes needed to end debate on Wall Street reform."]Washington (CNN) - A day after failing to get the 60 votes needed to end debate on a controversial financial regulations bill, Senate Democratic Whip Dick Durbin of Illinois predicted Democrats would get enough votes to do so today when they vote again at 230pm Thursday afternoon.

"There were concerns members had that we were able to allay," Durbin said Thursday. He wouldn't specify which senators who voted against it Wednesday – including Democrats Maria Cantwell, WA, and Russ Feingold, WS, would vote for it today.

Meantime, Sen. Scott Brown, R-Massachusetts, issued a statement Thursday saying he has "received assurances" from Senate Majority Leader Harry Reid that "the issues related to Massachusetts in the financial reform bill will be fixed before it is signed into law."

The statement stopped short of saying Brown would vote for a cloture motion to end debate on the financial regulations bill and noted he is still working to ensure "these commitments are followed up on prior to today's vote."

The statement came hours after Brown met privately for 20 minutes with Reid in the Senate majority leader's Capitol office. On Wednesday, Reid publically and angrily accused Brown of breaking his word when Brown voted against ending debate on the bill.

After the meeting, Reid was asked if the two senators had resolved their dispute.

"You know he's new here and he's really trying hard and I'm sure it was a misunderstanding," Reid said.

Brown Wednesday blamed the miscommunication on Reid's leadership team and said they were "not conveying my thoughts" to Reid. An aide to Brown said the senator still believes that to be the case even after his meeting with Reid.

Filed under: Dick Durbin • Wall Street
soundoff (11 Responses)
  1. Tom from Ohio

    Republicans don't want ANY change on Wall Street. Is that clear enough for everyone?
    People should keep THAT in mind come November!

    May 20, 2010 02:41 pm at 2:41 pm |
  2. aproudmemberoftheunpatrioticmob

    I see the soon to be Senate Minority Leader and that smarmy camera hound Schumer crowing which means that the unions are somehow ready to screw the working Americans over again. Brown should know better, Reid cannot be trusted, he is the one who called those of us in the TEA party an unpatriotic mob. I know he will be defeated soon, but anyone with common sense would not deal with this slimy character at all.

    May 20, 2010 02:43 pm at 2:43 pm |
  3. Victim of GOP Taliban

    Gee what type of special deal did Scott Brown ask for to get his Big $ pals exemptions or other perks?

    May 20, 2010 02:45 pm at 2:45 pm |
  4. Boycott Rush`s Sponsors

    Brown needs to be impeached.

    May 20, 2010 02:57 pm at 2:57 pm |
  5. Dar

    So did Ried try to pull a fast one on the new kid or did Brown school the old dog?
    I like that Brown is standing on his own two feet and not siding with either side. Hummm new blood isnt a bad thing.

    May 20, 2010 03:01 pm at 3:01 pm |
  6. Slider

    Take real good look at the picture of Durbin.

    This is the man who drafted an amendment to the Iraq War Resolution to change the wording and focus of the authorization from Saddam Hussein to Iraq's WMD. (S.AMDT.4865)

    Durbin then hid in the shadows after blaming Bush for something he wrote, and let his allies in the anti-war movement spread their poison.

    If there was ANY reason to kick Dems out of power this putz is the poster child and the face of that movement.

    You're a traitor Durbin.

    May 20, 2010 03:04 pm at 3:04 pm |
  7. jeff jackson, alabama

    There is an important part of the
    reform bill that is not being publicized
    enough.Small businesses like carpet,
    boat dealers, car dealers, furniture dealers
    and a ton of more businesses will no
    longer have the right to arrange financing
    for their customers. The banks caused
    our problems not these independent
    There will be no competition for the banks
    and credit unions if the Brownback Amendment
    is defeated.
    With the reform bill in it's present form you
    will not have 0% on cars. For that matter
    you won't be seeing 2.9 or3.9 or 4.9 on
    products you finance now through the dealers.
    You will get your check from the bank when
    they feel like giving it to you and you will
    pay their interest rate what ever it happens to be.
    There will be no more delivery on the spot for
    people with good credit and there will be no
    options for people with weak credit.
    Do you really want the banks to have that much
    control over your destiny ?
    Call your representative today and tell them you
    want the Brownback Amendment passed
    so you have a choice in your own financing.

    May 20, 2010 03:12 pm at 3:12 pm |
  8. Enough

    Another victory for Democrats = another defeat for the American people. Though the name sounds great, what's in isn't. Too bad Democrats know nothing about real reform.

    May 20, 2010 03:13 pm at 3:13 pm |
  9. Dutch/Bad Newz, VA

    It seems like more and more Sen. Scott Brown is distancing himself from the Tea Party lunatics. What special provision is Massachusetts going to have? I thought republicans wanted transparency. I heard all the terms being thrown around(the Louisiana Purchase, the Cornhusker kickback, etc). I guess this will be called the Boston Buyout?

    May 20, 2010 03:29 pm at 3:29 pm |
  10. REG in AZ

    Some say to stop bashing Bush-Cheney but while the bashing may not be important the remembering is. The Bush-Cheney administration was literally the personification of the greed, self-indulgence, gross dishonesty and 'more for me' mentality that has brought this country to its knees. They aggressively and arrogantly used their offices and America's resources for a private agenda to benefit the few (less than 5 percent) while they gave the majority (more than 90 percent) only apathy, the costs and an abundance of subterfuge to rationalize, disguise and to manipulate. To forget or not understand all of that is to just ask for 'more of the same'.

    The Democrats are far from perfect and the people need to diligently hold them accountable to improve and to honestly and conscientiously do what is best for this country. But the problems aren't because the Democrats are spending; rather the Democrats are advocating spending because of the problems they inherited. With the Republicans the need is to recognize that they have completely digressed to being 'puppets' for Special Interests and the powerful, influential and extremely wealthy few who 'pull their strings'. This is not only obvious from the Bush-Cheney years but also in their continually offering nothing for the people, always being focused on benefit for the select few, in their constantly obstructing/blocking everything, in their coercing and intimidating their own people, squelching individual consciences, to maintain firm unity and in their dishonesty with exaggerated scare tactics (re Taxes) and aggressive appeals to self-interests (re big government) aimed to excite, manipulate, control and use public opinion. Some try to rationalize that they are the party representing the 'constitution' but the constitution first and foremost is "for the people", which they literally fail to be.

    All of it can be seen in the bazaar, extreme and obnoxious antics of those who speak for them: Rush Limbaugh, Glenn Beck, Sarah Palin, Sean Hannity, Michael Steele, Bill O'Rielly; and in the narrow and controlled focus of their representatives: Mitch McConnell, John Boehner, Jon Kyl, John McCain, Mitt Romney,,, all constantly focused on pushing through the interests of the few without regard for the costs to the many. Their concentration is solely on their political ambitions at all costs and thereby on benefit for those who overtly and covertly support them, provide substantial contributions and even offer them after-office compensation. The control can easily be seen in who always gains (while costing everyone else): Halliburton, oil companies, defense contractors, pharmaceutical companies, insurance companies, Wall Street, banks and so on with coordination probably provided by the likes of the Carlyle Group and other special interests, ultra-conservative groups. We should really want the Republicans to return to being the 'Grand Ole Party' honestly, conscientiously and responsibly concerned for the people, with moderately conservative ideals, and the only way to ever accomplish that is to firmly reject what they have become and the belligerent manipulations they attempt.

    The only likelihood of ever really straightening it all out, with Democrats as well as Republicans, is to have real political reform by taking money, and then the control by the money people, out of politics. Only then would we gain real quality in competition, candidates, focus and performance. Term limits might help as could stricter enforcement of stronger ethics rules. Good luck on all of that as it will be aggressively fought by those with the power.

    May 20, 2010 04:17 pm at 4:17 pm |
  11. SocialismBad

    Meantime, Sen. Scott Brown, R-Massachusetts, issued a statement Thursday saying he has "received assurances" from Senate Majority Leader Harry Reid that "the issues related to Massachusetts in the financial reform bill will be fixed before it is signed into law."


    I wouldn't believe that liar Harry Reid for a second! He's the most dishonest person in Congress (well, maybe not as bad as Rangel!)

    May 20, 2010 04:18 pm at 4:18 pm |