Senate Clears ay for Financial Bill

[Tesha]

Source: NYTimes

Senate, by a Vote of 60 to 38, Clears Way for Final Passage of Far-Reaching Financial Bill

A broad overhaul of the nation's financial regulatory system,
intended to address the causes of the 2008 economic crisis
and rewrite the rules for a more sophisticated -- and
freewheeling -- era on Wall Street, cleared one last
procedural hurdle in the Senate on Thursday as it headed for
final Congressional approval later in the day. The vote was
60 to 38.

Read more: http://www.nytimes.com?emc=na

[Robb]

1. Heh.

“Despite broad agreement on the need for reform, the majority decided it would rather move forward with a partisan bill,” said Senator Richard C. Shelby of Alabama, the senior Republican on the banking committee.

[Deep13]

2. Nope, this is bipartisan.

Three New England Rs voted for closure. So put a sock in it, Shelby.

[damntexdem]

3. Well, at least for the near-reaching financial bill.

Or is it the non-reaching financial bill?

[SILVER__FOX52]

4. As I understand the bill,

most of the real teeth in the bill, depends upon the regulators ( the people running things ), at the wheel. Good, for Republicans when the get back in. Most of the problems we had with the last Republican administration was that the regulatory agencies were " captured " by corrupt corporations. So, as you can see, we merely have a ticking time bomb.

[pattmarty]

5. Get ready for Health "reform" part deux. Wouldn't it have been fuckinig.....

......easier to just reinstate Glass-Steagal? That shit worked for 60 fucking years, this "thing" is a band aid for a beheading.

[harun]

6. NOT GOOD ENOUGH !!!!!!