Senate votes to end debate on bank reform bill

[Roland99]

Source: MarketWatch

WASHINGTON (MarketWatch) -- The Senate voted Thursday to narrowly close off debate on a sweeping bank reform bill, setting the stage for enactment of legislation that will change the rules of capitalism by the end of the week or early next week. The chamber approved the motion, by a vote of 60 to 40, after lawmakers narrowly failed to find sufficient support to close of debate on Wednesday afternoon. If approved, the bill would need to be reconciled with a House bank reform package approved in December. Lawmakers, however, will still have the opportunity to vote on a series of amendments to the bill currently under review including a measure that would limit the speculative activity of big banks. Sen. Scott Brown, R-Mass., voted to approve the motion after voting against it yesterday. He was the critical "aye" vote for the measure to obtain the filibuster-proof 60 votes needed for approval

Read more: http://www.marketwatch.com/story/senate-votes-to-end-debate-on-bank-reform-bill-2010-05-20-145410

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FWIW, Feingold was a Nay, Lieberman was an Aye (along with the aforementioned Brown).

[saracat]

1. Bastards. I guess they didn't include the amedment to reinstate Glass- Steagal.

[Roland99]

2. Sen. Reid mentioned a couple of post-cloture amendments germane to the bill.

that they would be voting on but didn't mention what they were.

[saracat]

4. They should have included it. If they do not reinstate it, this is ALL BS.

[Roland99]

6. Could not agree more.

I wish this whole bill had been set aside and addressed after the recess instead of pushing something through something that won't have any real teeth.

[T Wolf]

3. Is the current version as useless as the health insurance mandate? I deduce from Feingold's nay vot

that the bill is still weak as shit and does little to actually rein in the financial criminals.

So, we are sold out again.

[saracat]

5. That is my fear.

[No Elephants]

7. The Summer-Geithner Bill