Democrats taking a third run at banking rules

[brooklynite]

Source: MSNBC

WASHINGTON - Fresh off a confrontation with Goldman Sachs executives, Democrats are mounting another effort to police the freewheeling Wall Street ways that they say helped bring on the worst recession since the Great Depression.

Outnumbered Senate Republicans have held together for two days, twice blocking the start of debate on rewriting financial regulations, in hopes of negotiating changes in the bill. In the protracted fight, Republicans have cast the Democrats' proposal as a perpetuation of taxpayer bailouts — a hot-button issue — and accused Democrats of writing an overambitious bill that will hurt small businesses.

Democrats are pressing ahead, hoping that Republican resistance is wearing thin and that the scrutiny of Goldman's actions in the market will stiffen public sentiment against the excesses of financial institutions. Democrats scheduled another vote for Wednesday to sustain pressure on the GOP in the expectation that some incremental changes to the bill ultimately would force several Republicans to relent and back the legislation.

Read more: http://www.msnbc.msn.com/id/36822889/ns/business-us_business/

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On the one hand, Republicans can't continue to look like they're siding with Wall Street, expecially after yesterday's circus with Goldman Sachs. On the other hand, flipping their votes without any appreciable new result from negotiations begs the question of why they didn't vote for it the first two times.

[SpiralHawk]

1. "No no no no no no no to America." - Republicon Homelanders

"yes yes yes yes yes to our fatcat Wall Street Republicon cronies."

- Republicon Homelanders

[dotymed]

4. Sadly,

the Democratic party is in bed with corporations too. We have to start a real grassroots movement to take the money out of politics. First, the SCOTUS ruling for corporate political contributions has to be the first strike. If we don't defeat that, we won't have a chance. The MSM will be flooded with corporate lies, tenfold. When America had a fair progressive tax system in the 40's and 50's, America was not considered "Socialist." We had a prospering middle class and a wealthy class proud that they were maintaining the "American way." Since Reagan started the deregulation of all of the laws that were enacted in the 30's to "save America" and told Americans that unbridled greed was the new "American Way", we have gone down the tubes. The numbers prove it.
Early in this century, a documentary of Reagan was made and scheduled to be released. The wealthy knew that this would shine a light of reality on the myth of the gipper. They fought the movie's release in court and won. This was due to the fact that money, can now buy anything. Reagan re-started that concept after the successful binding that was put on the Robber Barons during FDR's terms.
I don't even know all of the right questions, but I do know that the wealth-control resurrection that Reagan enabled, must be revealed to all Americans before they can begin to grasp what has transpired in our country since that time.
America almost fell during the Depression. FDR's policies stopped and prevented that from happening again, until Reagan began reversing all of the protective regulations. The politicians of both parties kept that deregulation rolling along. Reagan was undoubtedly owned and manipulated by the worlds wealthiest people. That trend also kept rolling along. Currently, you can not become President (or even a representative) without great wealth.
The wealthy "power-(re)grab began when Jimmy Carter was President. The oil prices were manipulated to the extreme and all of the blame, of course, went to the President. Then the Hostages were seized by Iran. Reagan, (corporate owned and financed) made a deal with Iran's rulers. The "arms for hostages" deal that reagan made was eventually exposed. By that time, it didn't matter. The wealthy owned the media and controlled public sentiment. Can you imagine the money required, to ensure the failure of both "hostage rescue attempts" made by then President Jimmy Carter? The traitors involved and the intel shared with Iran?
I understand that this a rather rambling response. I will refine it, add references and post it as a rant (OP) on another day. In the meantime....it's something to think about.

[Soylent Brice]

2. i called voinovich's office earlier. hopefully he'll flip his vote.

round 3...

[groundloop]

3. This story needs to be repeated, and repeated, and repeated some more

I'd be on the phone to my Senator's office too, but I'd be wasting my breath with Isaakson and Chambliss.