Thursday, January 19, 2012

How many Republican Senators will vote for the upcoming Financial Reform legislation and who will they be?

Only a few are required to reach the Magic Sixty.How many Republican Senators will vote for the upcoming Financial Reform legislation and who will they be?
This will be the second major legislation for the Obama administration. It will pass in the Senate with the help of a small handful of Republican Senators, among them Olympia Snowe.How many Republican Senators will vote for the upcoming Financial Reform legislation and who will they be?
It depends on how far Israel would be benefitted from it! You must agree to that. After all, itsn't that the criteria??How many Republican Senators will vote for the upcoming Financial Reform legislation and who will they be?
http://www.opencongress.org/articles/vie鈥?/a>



Here you go Flipper:

In an appearance on Good Morning America today, Sen. Bob Corker (R - Tenn.) said that the current financial reform bill that the GOP has issued strong objections to can be fixed "in a week's time" and that both parties should "tone down the rhetoric a little bit."



Last month, Corker was displeased with his fellow GOP members, whom, he said, missed a big opportunity to introduce amendments to the Democrat's financial reform bill before it was sent to the Senate floor.



Still, Corker was optimistic that a bipartisan agreement on financial reform can be reached quickly. Here's the AP on Corker's appearance:



WASHINGTON -- A Republican who has helped shape controversial legislation overhauling financial regulation says he's confident a bipartisan agreement can be found.

But Tennessee's Sen. Bob Corker tells ABC's "Good Morning America" that both parties must work together to solve problems with the bill. Senate Republican Leader Mitch McConnell of Kentucky has condemned it as perpetuating a system of bailouts for large, failing banks and investment houses.



Corker urged lawmakers to "tone down the rhetoric a little bit." He said there are "loopholes" in the Senate version that could be construed as making future bailouts more likely. But Corker also said, "My sense is, Republicans do want to see a regulatory bill of this type come to fruition."

That is the recent refrain of Senate Banking Committee Republicans when asked about the financial services regulatory reform bill now pending in the Senate.



While Republicans have expressed continued willingness to work with committee Democrats to develop bipartisan legislation that would address the root causes of the recent financial crisis, they appear in no hurry to pass a bill鈥攁nd certainly not what they consider a 鈥渂ad bill鈥濃€攋ust for the sake of having a bill.



As a whole, Senate Banking Committee Republicans think the Dodd bill and the House-passed reform bill go too far. Chairman Chris Dodd (D-CT) seems well aware of that fact and, as reported previously, has constituted numerous working groups to hammer out the various issues. Those groups are currently working together to resolve outstanding issues, with varying degrees of progress.



While the committee has been expected to mark-up its version of the financial reform bill in February, that schedule will depend upon the level of progress and bipartisanship the committee is able to achieve. One major stumbling block has been the establishment of a new Consumer Financial Protection Agency (CFPA)鈥攁 signature issue of the Obama Administration. Chairman Dodd has reportedly expressed a willingness to move away from the CFPA in a favor of giving more consumer protection authority to existing prudential regulators鈥攁 position also favored by committee Republicans.



Flipper, we need more people like you to save America from going under, people who are aware, open, and watchful.

The majority of the people I meet don't educate themselves and vote destructively, many don't vote at all and unabashedly admit it. People like you are the ones trying to keep democracy and America alive against the ignorant who are duped into destroying the greatest form of government the world has ever known although there is admittedly corruption and scandal infecting it, the ideal is still there.



Who will the rep senators voting for it be is something I will be watching more carefully, thanks to you for drawing my attention to this. Thanks.

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