WASHINGTON (AP) – Senate Republicans are prepared to end their stalling tactics on new banking regulations and will attempt to change the bill on the Senate floor, Republican officials said.
Sen. Richard Shelby, the top Republican on the Senate Banking committee, said he has assurances that Democrats will adjust his banking regulation bill to address concerns that it perpetuates bailouts.
Wow, in exchange for Republicans rolling over they received…assurances that Democrats will, at some point, alter the legislation to address his concerns about bailouts. Like Bart Stupak wasn’t going to vote for legislation that funded abortion? Republicans have yet to learn that they can’t trust Democrats.
And weren’t Democrats insisting the permanent bailout authority didn’t exist just yesterday? You know, just more Republican lies intending to scare Americans away from the bill. Now they’re going to “adjust” the legislation to “address concerns that it perpetuates bailouts”. Which means less than nothing for actually fixing the legislation.
Congratulations, Republicans. You folded before Senator Ben Nelson — the Democrat.


by Stephan Tawney on April 28, 2010