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Voinovich to Break GOP's Finance Filibuster

And he expects 'a whole bunch' of Republicans to join him

By Kevin Spak,  Newser Staff

Posted Apr 28, 2010 7:07 AM CDT

(Newser) – If Senate Republicans don't strike a deal with Democrats on financial reform soon, George Voinovich is going to cross party lines to insist on a floor debate—and he expects “a whole bunch” of other Republicans to make the same decision, he said yesterday. The American people “want us to get something done,” the Ohio Republican tells CNN.

But negotiations aren't going well. Bob Corker says he doesn't expect Richard Shelby and Chris Dodd to strike a bipartisan deal. “I just know where they are policy-wise and I just don't see it,” he says. The main sticking point remains the consumer protection agency, on which Shelby professes to have “constructive recommendations.” Dodd scoffs. “They don't want a consumer protection agency at all,” he said. “Let's be honest about it.”

Sen. George Voinovich, R-Ohio is seen on Capitol Hill in Washington, Wednesday, March 10, 2010, after voting on the Tax Extenders Act.
Sen. George Voinovich, R-Ohio is seen on Capitol Hill in Washington, Wednesday, March 10, 2010, after voting on the Tax Extenders Act.   (AP Photo/Harry Hamburg)
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COMMENTS
Showing 3 of 29 comments
sirgil
Apr 28, 2010 6:33 PM CDT
Problem in 50B fund is , it could be used as a fund to help them bail in future, and as time goes on a interface again with taxpayer funding. If these Big Boys want to play Big Boy games, let make sure they cannot tap a guarantee of any kind. However having them use this money to pay into a Global Corporate Responsibility Fund without implied or ties to government bail out would be fine. This CRF would be used to assist developing countries gain economic freedom, similar to what other more Global Banks like Standard Charter are committed to. Can easily be monitored by IMF with reports back to sovereign central banks on performance.
Snowleopard
Apr 28, 2010 4:38 PM CDT
good man. it'll be nice to have an open floor debate on this to see where they actually stand, and i imagine that they'll be less willing to do the bidding of wallstreet out in the open.
Yourself
Apr 28, 2010 3:36 PM CDT
nice to see someone coming to their senses about the issue.. our fragile economy can't handle another wallstreet melt down, and that's where we'll be headed unless we try and reform the damn system that crippled us in the first place!!!

 
filibuster • Chris Dodd • Richard Shelby • George Voinovich • bank regulation • Bob Corker • financial reform • Obama bank regulation

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