we are now, for those who are tuning in, in a situation in which the Republicans who filibustered probably about 100 times in this session, are now filibustering not a piece of legislation, they are filibustering the ordinary procedural technical motion on the Senate floor to move to that piece of legislation. There will probably be a whole second filibuster when we actually get to the Wall Street reform bill. For now, what they are filibustering is moving to proceed under the Senate rules, to take up the bill and begin the debate. In obstructing us from even debating the Wall Street reform bill, the Republican minority has once again shown the American people whose business it is they serve. Make no mistake about it, Wall Street bankers are chortling tonight about this, Champagne corks are flying across Wall Street, all in celebration of the Republican success in once again obstructing reform. Each day the Republicans delay us, high-powered investment banks make more money on highly leveraged gambles. Each day the Republicans delay us, mortgage brokers, unregulated by a consumer protection agency, push people into poor quality mortgages with confusing terms. Each day the Republicans delay us, CEOs continue to get rainy day bonuses, unchecked by proper corporate governance and oversight. Each day these Republicans delay us, credit card companies trick and trap American consumers with exorbitant rates and fees and no consequences.
Editor's note · Context
The speaker addresses Republican filibusters obstructing Wall Street reform legislation.
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