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Old 04-28-2010, 02:41 PM
 
69,376 posts, read 53,230,562 times
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Quote:
Originally Posted by Smash255 View Post
A quorum is a majority, the Dems have the majority. So if the GOP + Ben Nelson doesn't show up its still a quorum. Regardless, it looks like the GOP is ending filibustering debate.
Its not a majority, its a fixed number needed to pass a bill..

minimum number required for valid meeting: a fixed minimum percentage or number of members of a legislative assembly, committee, or other organization who must be present before the members can conduct valid business

Do you need 50 or 60 to proceed?
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Old 04-28-2010, 02:49 PM
 
Location: Long Island (chief in S Farmingdale)
18,598 posts, read 14,677,995 times
Reputation: 3817
Quote:
Originally Posted by pghquest View Post
Its not a majority, its a fixed number needed to pass a bill..

minimum number required for valid meeting: a fixed minimum percentage or number of members of a legislative assembly, committee, or other organization who must be present before the members can conduct valid business

Do you need 50 or 60 to proceed?
A Quorum is the number of Senators (51) who must be present before business may be conducted.
Unless challenged by a point of order, the Senate conducts daily business without a quorum present.

Quorum
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Old 04-28-2010, 02:55 PM
 
Location: mancos
7,026 posts, read 6,118,082 times
Reputation: 4504
Quote:
Originally Posted by pghquest View Post
Do you know what they changed from the bill to allow it to move forward? I know Republicans have wanted a bill to proceed, but not the bill that was proposed..
sounds like they got the to big to fail bailout fund removed.obama cant buy any more private businesses
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Old 04-28-2010, 02:57 PM
 
Location: Tampa Florida
22,243 posts, read 14,627,660 times
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Quote:
Originally Posted by pghquest View Post
Do you know what they changed from the bill to allow it to move forward? I know Republicans have wanted a bill to proceed, but not the bill that was proposed..
I believe, however not positive, they agree on too big to fail and discarded the $50 bil wind down fund. There are still several areas to be worked out on the floor.
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Old 04-28-2010, 03:22 PM
 
Location: Long Island (chief in S Farmingdale)
18,598 posts, read 14,677,995 times
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Quote:
Originally Posted by florida.bob View Post
I believe, however not positive, they agree on too big to fail and discarded the $50 bil wind down fund. There are still several areas to be worked out on the floor.
I think you are on the right track, but I'm not sure if the $50 bil wind down fund was discarded or if the language in it was tweaked.

The major sticking points at this time (though not the only ones) seem to be how much control the Consumer Protection Agency will have, as well as the derivatives regulations.

Shelby has stated he still favors blocking debate on the bill, but would leave the matter up to Republican leaders. My guess is the GOP leaders such as McConnell would probably want to keep this off of the floor as well and continue to block debate, but realize with the likely defection of Voinovich (who stated previously even if no deal was made he wouldn't filibuster much longer) he wouldn't be able to keep the filibuster going as likely others would jump.
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Old 04-28-2010, 07:10 PM
 
Location: Long Island (chief in S Farmingdale)
18,598 posts, read 14,677,995 times
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Financial Reform has moved forward. The GOP agreed to proceed and allow debate on the bill without a vote. Susan Collins of Maine announced earlier she would no longer support a filibuster to block debate. George Voinovich of Ohio also mentioned that his support for the filibuster was winding down, as well as other Republicans.

Quote:
Republicans ended their filibuster of Wall Street reforms Wednesday when the Senate agreed without a vote to begin debate on a financial regulations bill.
The Senate approved by unanimous consent a motion to launch debate on the bill after a similar proposal failed three times in the previous 48 hours to win the necessary 60 votes to pass.
GOP ends filibuster blocking financial reform debate - CNN.com
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Old 04-28-2010, 07:30 PM
 
Location: Aloha, Oregon
1,089 posts, read 492,108 times
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Quote:
Originally Posted by pghquest View Post
Do you know what they changed from the bill to allow it to move forward? I know Republicans have wanted a bill to proceed, but not the bill that was proposed..
Actually, it was the polls that made the Republicans relent, the public wants WS reform. The Republicans didn't negotiations to take place in front of the C-SPAN cameras where the public could see them watering the reform legislation down. It's as simple as that.
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Old 04-28-2010, 07:34 PM
 
Location: The Republic of Texas
58,970 posts, read 30,054,888 times
Reputation: 12463
Goldman Sachs wrote the bill.

Why do you think Goldman Sachs is all for this bill.

They stand to my billions in the first year alone, off this bill.
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Old 04-28-2010, 08:04 PM
 
Location: mancos
7,026 posts, read 6,118,082 times
Reputation: 4504
Quote:
Originally Posted by pbrauer View Post
Actually, it was the polls that made the Republicans relent, the public wants WS reform. The Republicans didn't negotiations to take place in front of the C-SPAN cameras where the public could see them watering the reform legislation down. It's as simple as that.
wrong it was the removal of the to big to fail bailout fund. sorry i didnt mean to call anyone a liar it just worked out that way
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Old 04-28-2010, 10:32 PM
 
Location: Long Island (chief in S Farmingdale)
18,598 posts, read 14,677,995 times
Reputation: 3817
Quote:
Originally Posted by parfleche View Post
wrong it was the removal of the to big to fail bailout fund. sorry i didnt mean to call anyone a liar it just worked out that way
They were already starting to crack. Voinovich said the other day he wasn't going to filibuster much longer deal or no deal, and others likely would have followed.
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