Thursday, April 29, 2010

Republicans Cave To Public Pressure; Allow Wall Street Reform To Proceed

Republicans ended their filibuster against Wall Street reforms yesterday when the Senate agreed without a vote to begin debate on a financial regulations bill.

"You shouldn't have to wait another day for protection from some of the practices that got us into this mess," Obama said in Quincy, Illinois. "If we don't learn the lessons from this crisis, we doom ourselves to repeat it."

Only after signs that support for the filibuster was crumbling under public pressure did Republican leaders signal that they would allow the debate to begin.

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