Blue Dogs are blocking the vote on the Financial Regulatory Bill which would be the greatest expansion of regulation on the Financial Industry in a generation because of two reasons.
First, they want the bill to allow a vote on state preemption to make sure that state regulation of the banking industry is not greater than the federal level. That is absolutely horrible. They want a vote on that amendment which Frank is not allowing, but are threatening to block the vote on it.
Second, Rep. Minnick from ID wants to kill the Consumer Financial Protection Agency and he's hoping with Republicans that he'll have enough votes to kill it.
Obama's already supported Frank's bill as is. We cannot allow them to play like this. We need to finish Healthcare and go on the offense. This is far more important than healthcare reform. This is the basis of our economic recovery.
Wake up. There's more fights and more days. We need to go on. If we are silent the blue dogs win.
Bank Friendly Dems and Republicans blocking Financial Vote
This is worse than the Congressional Black Caucus blocking the votes due to one radio station. They want to gut and kill the bill. We cannot let them.