GOP, Democrats at an impasse before key vote on financial overhaul (GOOD! Keep it this way)

washington post ^ | 4/26/2010 | Brady Dennis

[tobyhill]

Senators will face a crucial test vote Monday that could clear the way for debate on far-reaching legislation to overhaul the nation's financial regulatory system -- or end in a partisan standoff -- as Wall Street once again takes center stage on Capitol Hill.

Elsewhere, lawmakers will be preparing to condemn the alleged sins of Wall Street's past and also wrestling over how to prevent such excesses in the future. Top executives from Goldman Sachs, beset by charges that the bank misled its clients by selling them mortgage investments secretly designed to fail, will face questions Tuesday about how the firm profited from betting against the U.S. housing market.

Senate Republicans said Sunday they plan to block efforts to move forward with an overhaul bill unless Democrats alter central elements of the legislation. Meanwhile, Democrats and Obama administration officials spent much of the day finalizing strict new rules to rein in the huge derivatives trade, including measures that could threaten profits at some of the biggest banks.

[Redleg Duke]

Glad to see that the Washington Compost isn’t biased at all here!

[VRW Conspirator]

I’ll take permanent gridlock as plan C.

[VOA]

bump

[Buckeye McFrog]

as long as GOP Senators are acting all chummy and talking about having a deal, we have plenty of reasons to worry

[tobyhill]

I'm worried too but as long as the GOP knows that we can get rid of them then hopefully they will quit with this “bipartisan” Commie crap.

[bolobaby]

The threat:

[Vaduz]

Threaten profits at some of the biggest banks.Obama’s plan is working.