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Thread: GOP senators block debate on finance bill

  1. #71
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    Re: GOP senators block debate on finance bill

    it appears the minority are not the only ones conversant with NO

    washingtonpost.com

    what are you so afraid of, president pie-in-the-face?

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    Re: GOP senators block debate on finance bill

    Quote Originally Posted by lizzie View Post
    Has anyone bothered to ask themselves why Goldman Sachs supports this "reform" if it's bad for large corporations?


    Obama-Dodd financial bill would further enrich Goldman Sachs|OpenMarket.org
    The blogger's characterization of the $50 billion orderly liquidation fund (OLF) (to be prefunded by financial institutions, not taxpayers) as a "bailout" fund is incorrect. The OLF would not be used to help a major financial institution avoid failure. It would be used to finance the costs of resolution.

    CBO's Assessment: http://www.cbo.gov/ftpdocs/114xx/doc11454/s3217.pdf

    Note: If one freezes upon clicking the link, one should copy and paste the URL into one's address bar to access the CBO document. CBO's site sometimes has problems opening documents when one clicks on hyperlinks pasted in messages.

    The actual language from S.3217 with respect to the orderly liquidation fund can be found in Title II, Section 210 (n). Title II describes the orderly liquidation process/authority. One can look up S.327 at the Library of Congress' Thomas website.
    Last edited by donsutherland1; 04-28-10 at 12:50 PM.

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    Re: GOP senators block debate on finance bill

    Quote Originally Posted by donsutherland1 View Post
    The OLF would not be used to help a major financial institution avoid failure. It would be used to finance the costs of resolution.
    either way, it sounds expensive

    meanwhile, going once, going twice...

    United GOP blocks reform debate again - Meredith Shiner - POLITICO.com

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    Re: GOP senators block debate on finance bill

    “We have negotiated in good faith and we have tried, and we have got to get to this bill. Let's stop talking about this negotiation. It's going nowhere.” — Senate Majority Leader Harry Reid (D-Nev.)†

    Shades of Peter‡, three times have the Republicans, every last one of them, denied the American people.

    Excerpted from “United GOP blocks reform debate again” By MEREDITH SHINER, Politico, 4/28/10 10:49 AM EDT
    For the third consecutive day, Republicans united to block a Wall Street reform bill from hitting the Senate floor as frustrations grew over the pace of negotiations …
    “Real environmentalists live in cities, and they visit what's left of the wilderness as gently and respectfully as possible.” — Donna Moulton, letter to the editor, Tucson Weekly, published on August 23, 2001

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    Re: GOP senators block debate on finance bill

    Quote Originally Posted by Chappy View Post
    “We have negotiated in good faith and we have tried, and we have got to get to this bill. Let's stop talking about this negotiation. It's going nowhere.” — Senate Majority Leader Harry Reid (D-Nev.)†

    Shades of Peter‡, three times have the Republicans, every last one of them, denied the American people.
    I say we go "no" 3x per apostle... that's 36 times total for you agnostic's out there. If that's what it takes to make a better bill ...
    “I think if Thomas Jefferson were looking down, the author of the Bill of Rights, on what’s being proposed here, he’d agree with it. He would agree that the First Amendment cannot be absolute.” - Chuck Schumer (D). Yet, Madison and Mason wrote the Bill of Rights, according to Sheila Jackson Lee, 400 years ago. Yup, it's a fact.


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    Re: GOP senators block debate on finance bill

    Quote Originally Posted by disneydude View Post
    The Party of NO has no interest in "improving" the bill. If by "improving" the bill....you mean watering it down to satisfy the interests of their corporate buddies...I wouldn't call that an improvement.
    Instead of trying to impose new regulations,Congress should be looking into the real problem.....Government mandates and lack of oversight with current regulations.You wont see that though,Dems are neck deep in creating the mess.

    We need REAL reform in this country...not another photo op that really doesn't accomplish anything and placates the corporate interests that continue to screw the American public.
    This bill is already setup as a photo op with no real reform.

    The GOP has shown where their hearts and souls lie...and it isn't with the people of America.
    Please
    "The problem in defense is how far you can go without destroying from within what you are trying to defend from without."

    ~Dwight D. Eisenhower

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    Re: GOP senators block debate on finance bill

    Quote Originally Posted by Jetboogieman View Post
    Interesting, this blockage will cause problems for them later on down the line. They're on the wrong side of this issue. I think we need some Congressional Pepto Bismal. :p
    Antiacid?
    "He who does not think himself worth saving from poverty and ignorance by his own efforts, will hardly be thought worth the efforts of anybody else." -- Frederick Douglass, Self-Made Men (1872)
    "Fly-over" country voted, and The Donald is now POTUS.

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