By day’s end Wednesday, our chums over at the U.S. Senate hadn’t moved much closer to the finish line in dealing with the financial regulation bill, to the chagrin of some senators and, no doubt, the satisfaction of others. —KA
AP via Google News:
The vote was 57-42, three votes shy of the 60 needed to pass. Three Democrats joined 39 Republicans in voting against the measure. Among them was Senate Majority Leader Harry Reid, who switched his vote from yes for procedural reasons. Reid said he’d seek a new vote Thursday.
[...] The legislation would set up a mechanism to watch out for risks in the financial system, create a method to liquidate large failing firms and write new rules for complex securities blamed for helping precipitate the 2008 economic crisis. It also would create a new consumer protection agency, a key point for President Barack Obama.
Republicans this week have escalated their attacks on the legislation, arguing the bill had grown worse and did not address root causes of the 2008 financial meltdown.
The Democratic majority, said Senate Republican leader Mitch McConnell, “uses this crisis as yet another opportunity to expand the cost and size and reach of government.”
While the bill appears ultimately headed for final passage, Wednesday’s vote put the end game in question, including the fate of several contentious amendments that remained unresolved.
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They worship the ‘herd mentality’ which is what the Brass Bull represents. They know what results can be obtained by pushing the correct psychological buttons within the crowd; either a stampeding mad herd of bulls, or sleepy bears.
I believe the intent is to bring everyone, painfully, to their knees; pleading for a solution, which is already in the pocket ready for introduction. The solution, of course, never benefits the public, only power.
Wall Street Reform Stalls in Senate because these magicians of con-games, epitomized by ‘market-maker’ Fabrice “Fabulous Fab” Tourre, from Goldmann Sachs, are busy colluding with their DC enablers; restructuring the ‘structured product’ so the public does not sniff it out for the ‘shitty deal’ it will ultimately be.
Something has to be done to reform America’s business banking sector. Wall Street can’t be allowed to get away with the chaos they created by gambling away peoples money. A whole sale rethink of the system needs to be enacted to preserve the thousands of innocent people who had to pay for everything.
Massive Wildfire Rages in New Mexico
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By amunaor, May 21, 2010 at 12:18 pm Link to this comment
RE: Arizona Kid
They worship the ‘herd mentality’ which is what the Brass Bull represents. They know what results can be obtained by pushing the correct psychological buttons within the crowd; either a stampeding mad herd of bulls, or sleepy bears.
I believe the intent is to bring everyone, painfully, to their knees; pleading for a solution, which is already in the pocket ready for introduction. The solution, of course, never benefits the public, only power.
Peace, Best Wishes and Hope
Report thisBy amunaor, May 21, 2010 at 10:41 am Link to this comment
Wall Street Reform Stalls in Senate because these magicians of con-games, epitomized by ‘market-maker’ Fabrice “Fabulous Fab” Tourre, from Goldmann Sachs, are busy colluding with their DC enablers; restructuring the ‘structured product’ so the public does not sniff it out for the ‘shitty deal’ it will ultimately be.
Peace, Best Wishes and Hope
Report thisBy Timestyx, May 20, 2010 at 1:34 am Link to this comment
Something has to be done to reform America’s business banking sector. Wall Street can’t be allowed to get away with the chaos they created by gambling away peoples money. A whole sale rethink of the system needs to be enacted to preserve the thousands of innocent people who had to pay for everything.
Report this