Monday, April 26, 2010

Solid Majority Backs Financial Reform Bill


Run with it then beat the Republicans over the head with it. Actually, they're so tone deaf on this they'll probably do it to themselves. Via Taegan-

The Senate is expected to hold a test vote on a financial regulation reform bill later today, but it appears Democrats do not yet have the 60 votes needed. However, Roll Call notes that rarely have Senate Democrats "been so calm about losing a vote."

The reason? Democrats are prepared to excoriate Republicans for blocking very popular Wall Street reforms.

A new Washington Post/ABC News Poll finds approximately two-thirds of Americans support stricter regulations on the way banks and other financial institutions conduct their business.

"Majorities also back two main components of legislation congressional Democrats plan to bring to a vote in the Senate this week: greater federal oversight of consumer loans and a company-paid fund that would cover the costs of dismantling failed firms that put the broader economy at risk."

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