WASHINGTON (MarketWatch) - Democratic efforts to reform how the nation's bank are regulated received a major setback Monday after Republicans voted unanimously to oppose a key procedural motion put forward by congressional leaders that would have allowed for a debate on the financial institution bill by the full Senate. Democrats are set to schedule another vote on beginning Senate debate on bank reform as soon as Wednesday. The effort to begin debate failed by a vote of 57-41. Democrats needed the "aye" votes of 60 senators for the bill to move ahead.
USA Today
Senate Minority Leader Mitch McConnell, R-Ky., likened the financial regulation bill to the health care law approved by Congress last month.
"All of us want to deliver a reform that will tighten the screws on Wall Street," McConnell said. "But we're not going to be rushed on another massive bill based on the assurances of our friends on the other side."
Not going to be rushed! Is McConnell completely insane??? You Wall Street yes-men have had over 18 months to draft and pass legislation and you have the nerve to insult the American people by referencing being rushed!!!
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment