"Obama on his way to a second major legislative victory in two months"

[impik]

Obama's terms for financial overhaul remain mostly intact


The Senate this week could hand President Obama his second major legislative victory of the year, both on administration priorities that seemed in doubt not long ago.
Passage of a 1,400-page bill to overhaul the nation's financial regulations would come just two months after Obama signed a landmark health-care overhaul. But in the case of financial regulation, much more so than with health care, the Senate bill largely reflects the administration's initial blueprint, despite the fervent efforts of lobbyists and lawmakers of all stripes to alter it.

Democratic leaders and administration officials have been careful not to boast about their success in keeping the legislation mostly intact, with some provisions growing even tougher during the Senate debate.

"I'm hesitant to talk about it being done, because it's not," Sen. Christopher J. Dodd (D-Conn.), who has shepherded the bill through the Senate, said in an interview from Connecticut over the weekend. But, he allowed, "we are on the cusp of doing something pretty significant."

Democratic leaders and administration officials have been careful not to boast about their success in keeping the legislation mostly intact, with some provisions growing even tougher during the Senate debate.

"I'm hesitant to talk about it being done, because it's not," Sen. Christopher J. Dodd (D-Conn.), who has shepherded the bill through the Senate, said in an interview from Connecticut over the weekend. But, he allowed, "we are on the cusp of doing something pretty significant."

Republicans acknowledge that passage seems certain and that a handful of GOP members likely will join Democrats, which would surpass the 60-vote threshold needed to overcome a filibuster.

More:

http://www.washingtonpost.com/wp-dyn/content/article/2010/05/16/AR2010051603122.html

[leveymg]

1. It would be nice to have something to be able to brag about, beyond: "we kept the ship from sinking"

Particularly, if this really does rein in the banksters. Hard to believe it will, but . . .

[jaxx]

2. The bankers must be in tears over this.

;-)

[Tarheel_Dem]

3. Repukes acknowledge that passage seems certain? Yippee!

This legislation couldn't come at a better time, because they can't be seen as too cozy with the bankers.

[DCBob]

6. On this issue, Repukes are in the same situation as the Dems were on the "war on terror"..

during the Bush era.

[SpiralHawk]

4. "Oh noes." - Republicon FAIL Artistes

"What about MORE TAX CUTS FOR RICH REPUBLICONS? Where is the gravy for fat cats? Whine."

- Republicon FAIL Artistes

[madmax]

5. K & R

[Cha]

7. And both super important

victories.

[craigmatic]

8. Wow this just goes to show what legislators can do with the right leadership.

Reid and Pelosi should both be congradulated. I hope this is a return to Glass-Stegall.

[MattSh]

9. When I see 1,400 page bill,

I see mostly bullshit. For every good thing this bill might do, there's now 10 exceptions to counteract each good thing.

[DCBob]

10. Every bill that deals with complex issues like this are over 1000 pages..

Your comments reminds me of the comment from the guy criticizing a Mozart composition in the movie Amdeus.. "too many notes".