Republicans to Block Reform Bill: Senator Shelby

[sabra]

Source: CNBC/Reuters

U.S. Republican Senator Richard Shelby said on Monday he believed all 41 Republican senators would vote against launching floor debate on a financial reform and try instead to negotiate changes to it.

Shelby, speaking at a meeting of the Independent Community Bankers Association, said Republicans had a better chance of getting strengthening provisions aimed at preventing future bank bailouts if they can halt it from being considered by the full Senate, where Democrats have the majority.

"If we hang together on the floor, we can create critical mass," Shelby said, adding that Republican negotiating power is stronger before the measure goes to the Senate floor.

"If we just pass a bill in the Senate and go straight to conference with the house, what have we accomplished?"

Meanwhile, a senior U.S. Treasury Department official, speaking to the same group, said on Monday that opponents of financial market reform were trying to preserve loopholes that let big Wall Street firms reap huge profits.

Read more: http://www.cnbc.com/id/36776332

[global1]

1. Was That 'Critical Mass' or 'Critical Mess'?........nt

[wizstars]

12. Fuck Shelby. Fuck Republicans

Fuck 'em all. And the horses they rode in on.

[h9socialist]

27. I agree.

[h9socialist]

29. Hang the Republicans on this one!

This one can turn the electorate against the Republicans. "Capitalism: A Love Story" (or major portions of it) should be shown at Democrat rallies throughout the summer.

[HughMoran]

2. Good

Enjoy your black eye, it matches the one Arizona gave your other eye. :eyes:

[601Liberal]

3. Stand strong Dems!

Let's see who the teabags turn on this time!

[NorthCarolina]

6. No matter what, the teabaggers are still going to hate the fact

that there is a black man occupying the White House.

[old mark]

10. They will hate him-and us-anyway, so we might as well do the right thing.

They are such shit that it is an honor to be hated by them.

m

[Rosa Luxemburg]

4. If only the voters knew that Shelby was on the side of the big corporations?

does somebody want to tell the voters?

[blm]

8. This so-called 'meeting' of Independent Community Bankers sounds like GOPs typical set up

y'know...like how they CREATE an organization that purports to be environmentalists and turns out to be corporate-funded fronts.

[Jefferson23]

5. Just one of many things that ticks me off about this reform, is that

Dodd's proposal is not strong enough. So if they are going to try and dilute it further, we are fucked.


Please folks, email your reps with this testimony from William Black and remind them that you know what needs to
be done.

Bill Black's eye-popping opening statement at House FinServ hearing on Lehman Bros. failure

http://www.youtube.com/watch?v=3-HTylLzXu8

[FailureToCommunicate]

17. Good link. Thanks!

[high density]

7. I want the Republicans to be reading out of the phone book

None of this "Gentleman's Filibuster" bullshit.

[NewJeffCT]

9. Every Democrat needs to go repeat the same talking points on this

Republicans are standing up for the Wall Street Bankers by blocking financial reform.

[Bette Noir]

13. +1,000

[Diane R]

31. +2

[tsstranger]

11. GOP ( Greedy Old Perverts )

The republicans stand with big banking, big insurance, big drug and big oil, against the American people.

[BlueIdaho]

14. Make them Filibuster day and night. Period.

Let Americans see who is stopping bankster reform.

[florida08]

15. sign the petition

http://www.democrats.com/break-up-the-banks-now?cid=ZGVtczU2Njk4NGRlbXM%3D

I urge you to support the Brown-Kaufman SAFE Banking Act (S. 3241) to break up the biggest banks, limit their size, and eliminate the need for massive taxpayer bailouts of greedy Wall Street giants in the future.

[Roland99]

16. Greedy Old Pricks

[yellowcanine]

18. Huh, one might think Republicans prefer back room negotiations to open floor debate?

Surely not. That can't be, can it?:sarcasm:

[Zoroastor]

19. What a big freaking...

...surprise. That's the tactic of the day.

[Democat]

20. Good, let them stand up AGAINST financial reform!

The Democrats better not back down on this one.

[lobodons]

21. Republicans are more of a danger to this country

than Al Qaeda

[SammyWinstonJack]

24. +1000.

:thumbsup:

[cap]

22. he didn't say that they would filibuster the bill

just the threat of filibustering... I don't think that a filibuster against this bill is in the GOP's best interest

[Democat]

23. They probably think that Democrats will back down. I wonder why?

Maybe because Democrats in the Senate and Congress usually back down when the GOP threatens them?

Let's hope they stand up and fight this time.

[AllyCat]

25. Screw these pigs! Why on earth does anyone believe these jerks represent them?

[perdita9]

26. This is a Good Thing for Democrats

Now the entire country can see who the Republicans care about -- and it isn't the American people

[Mr. Sparkle]

28. I bet money is flooding into their coffers from Wall Street as we speak.

It is laughable to suggest that they want tougher regulation's when their whole existence is to water down any regulation that is deemed to harm big business.

It was nice to see the media call out Mitch "Luntz" McConnell last week over his BS, lets hope they follow through on this horse manure.

[Jakes Progress]

30. shelby is on fire now.

That's what kids used to do with a sack of shit like him, and leave it on the doorstep.

[Jakes Progress]

32. If the administration

bows down to the republican lies by trying to make nice with them, we can kiss every issue good bye. There has never been a more clear cut time that Obama could call the republicans on their pandering to the corporate rich.

[chelsea0011]

33. Well, that's a surprise. It really is the Party of No

[Hubert Flottz]

34. Trusting Senator Shelby is a foolish thing to do...

That wind bag is one of the worst repubs in DC...Chris Dodd wasted his time on those assholes.

[Zorra]

35. Yeh, well, let me know how that works out for you, you ignorant

corparasite fuckwad.

[No Elephants]

36. Fine. Put some real teeth into the bill, then and make them filibuster it.

Let voters know that America had a chance at REAL reform, but the Republicans blocked it.

Don't fight for Dodd's weak bill, though. That's a no win.