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Tag Archive | "Senator Richard Shelby"

Senator Richard Shelby (R-Al)

Key consessions by Democrats on banking reform bill helps clear the way for floor debate

It took three test votes for Senate Democrats to realize that the Republican demand to end taxpayer bailouts in the banking reform bill were mandatory if the bill was to reach the floor for debate. The bill by Senator Chris Dodd (D-Ct) contained loopholes that would continue to force taxpayers to foot the bill for irresponsible actions by banks that lead to failure.

The three test votes, in essence a vote for a Republican filibuster, managed to buy time for Senator Shelby (R-Al) to negotiate an end to the bailouts and the notion that some banks are too big to fail.


About Tom White

Tom is a US Navy Veteran, owns an Insurance Agency and is currently an IT Manager for a Virginia Distributor. He has been published in American Thinker, currently writes for the Richmond Examiner as well as Virginia Right! Blog. Tom lives in Hanover County, Va and is involved in politics at every level and is a Recovering Republican who has finally had enough of the War on Conservatives in progress with the Leadership of the GOP on a National Level.

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Tom White Says:

Nothing is more conservative than a republican wanting to get their majority back. And nothing is more liberal than a republican WITH a majority.

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