Posted on 06/28/2010 3:19:52 PM PDT by NormsRevenge
Sen. Russ Feingold (D-Wis.) said Monday he would vote against advancing Wall Street overhaul legislation.
The move raises pressure on Senate Democrats to win the votes of Sen. Maria Cantwell (D-Wash.) and a handful of Senate Republicans.
Senate Democrats aim to pass the Wall Street overhaul bill this week, but the passing of Sen. Robert Byrd (D-W.Va.) has given them little room to negotiate votes. House and Senate lawmakers finalized the legislation in a conference process early Friday morning.
"As I have indicated for some time now, my test for the financial regulatory reform bill is whether it will prevent another crisis," Feingold said in a statement. "The conference committee's proposal fails that test and for that reason I will not vote to advance it."
Feingold and Cantwell voted against ending debate on the bill in May and against the overall bill. Democrats were able to advance the legislation with the help of Republican Sens. Scott Brown (Mass.), Olympia Snowe (Maine) and Susan Collins (Maine).
Brown has expressed disappointment at the final bill that passed through the conference committee. If he votes against the legislation in the Senate, Democrats will need to hold the rest of the votes they had in May and swing either Cantwell or another Republican to advance the bill.
Collins is reviewing the legislation, according to her office, and has not firmly committed to back the bill.
Sen. Chuck Grassley (R-Iowa) voted for the underlying legislation in May, but voted against cutting off debate.
Looks like it’s come down to the Maine Madwomen, once again.
If we can’t make some real, actual change in the next few election cycles we’re screwed.
“It was worth enough to our Founders.. WE owe them that at least.”
NR, I could not agree more. Well said Patriot.
Who do you think you are, Karl Rove or Dick Morris?
The current bill does not break up TBTF institutions, it does not reign in the off-the-books leverage gambling of derivative trading, it waters down auditing the FED, and it places the so called consumer protection agency under the power of the FED. Even if passed it will do nothing to prevent 2008 from occurring again. At the very least they could have reinstated Glass-Steagall which was the first domino that fell to create the crisis.
Feingold missed numerous opportunities to prove consistency concerning privacy, but he seems to have ignored all the privacy violations administered by the Obama Left. Damn shame — figured there might have been at least one token gesture since the beginning of 2009. Am I wrong?
Hey, they elected them. Let them eat cake!
Feingold opposes it for the wrong reasons.
...and in the end, he’ll fold.
Remember Stupak.
Remember Nelson.
LOL!
Still won't save his sorry behind...
Maybe Scott Brown will get his spine back and say no to this nightmare of a bill..
This is good. Feingold was a no vote last time. He is in real political trouble in Wisconsin.
Don’t forget the military’s favorite, John Murtha (2/8/10).
not the Bangor sisters again....sigh. Will they ever stop tormenting us?
I’m glad I drank my soda already!
Awwww... now that's not very nice. Sheets was truly one of the worst, most venal, corrupt politicians to ever sully Congress with his hatred and bigotry.
However, you're terribly under-rating the death, misery, suffering, and destruction wrought by one of the worst human beings of all times, "The Swimmer" upon this blessed country.
Show the proper contempt for Teddy and don't link his name with anyone else.
Scratch one Klansman, find some DINOs. Thanks NormsRevenge.
Sometimes ya got to feed the fishies a lot of worms but some times it’s worth it.
This is gonna be an interesting upcoming election..
Here fishy fishy..
Your exactly right. Feingold always throws in an “unexpected” vote now and then to make us think he’s not the ueber liberal he truly is. Go Johnson.
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