Scott Brown to vote 'yes' on financial reform


Massachusetts Sen. Scott Brown (R) now says he'll vote for the final Wall Street reform legislation -- after changes were made to the conference report. This pretty much guarantees the legislation will clear the Senate and will be signed into law by President Obama.

Brown's statement:

I've spent the past week reviewing the Wall Street reform bill. I appreciate the efforts to improve the bill, especially the removal of the $19 billion bank tax. As a result, it is a better bill than it was when this whole process started. While it isn't perfect, I expect to support the bill when it comes up for a vote. It includes safeguards to help prevent another financial meltdown, ensures that consumers are protected, and it is paid for without new taxes. That doesn't mean our work is done. Further reforms are still needed to address the government's role in the financial crisis, including significant changes to the way Fannie Mae and Freddie Mac operate."

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Classic. Support it after it's been watered down to protect the banks. He's my hero here in MA. Not. Hopefully the MA boneheads who voted for him will come to their senses.

    Reply#28 - Mon Jul 12, 2010 1:43 PM EDT

    Without reform with Feddie & Fanny this bill is a joke. We need to stop the social engineering that's going on in Freddy & Fanny which is one of the biggest reason for our recession and thank Barney "FuFu" Frank and Dopey Dodd

    • 3 votes
    Reply#29 - Mon Jul 12, 2010 1:45 PM EDT

    For all the republicans who continue to complain about Freddie and Fannie... if you look at the economy in the late 1990's to the mid 2000's... without the housing boom... Bush/Cheney would have been toast. The only growth and job creation were in those sectors..... so you cannot cheer the Bush years... and then complain about Fannie and Freddie.... it's your choice....

      Reply#30 - Mon Jul 12, 2010 1:46 PM EDT

      you're done brown. you're a liberal in conservative clothing. this bill is a sham and will not help the common taxpayer, or non taxpayer. you've been bought. vote this and all of the takeovers down reps.

      • 1 vote
      Reply#31 - Mon Jul 12, 2010 1:56 PM EDT

      minorities must love the new affirmative action bill, errrrr, financial takeover bill.

      • 1 vote
      Reply#32 - Mon Jul 12, 2010 1:58 PM EDT

      You bet!! I have had to pay for a number of problems that were created by the last generations. You will learn that the younger generation has no trouble with lowering taxes for the rich and the redistribution of wealth. I am not saying it is right or wrong just the facts.

        Reply#33 - Mon Jul 12, 2010 2:01 PM EDT

        I guess this tells us all we need to know: no real reform involved, just lip service...

          Reply#34 - Mon Jul 12, 2010 2:02 PM EDT

          Brown is the kind of Senator we need from the Republican side. Not a lockstep voter.

            Reply#35 - Mon Jul 12, 2010 2:31 PM EDT

            OMG......Brown has a brain.

              #35.1 - Mon Jul 12, 2010 3:27 PM EDT
              Reply

              ROY WILSON-336103 - Yes, it is easy to see how the banks would be opposed to the removal of that $19M bank tax that they worked so hard to add to the original bill.  It isn't difficult to see them crying about how the new version of the bill without this tax is completely unfair to their industry.

              Is that what you mean about the bank opposition to the bill?

                Reply#36 - Mon Jul 12, 2010 2:45 PM EDT

                do you pro- regime takeover of every industry idiots even know what you are supporting?I guess if you have nothing, you have nothing to lose.

                • 1 vote
                Reply#37 - Mon Jul 12, 2010 2:45 PM EDT

                Rush on radio today said that when Georgie boy left the presidency the economy was in good shape. Anybody with two marbles knows that is a complete lie. Limbaugh and Fox news- warped outlook on the real thing. support your party- not your country. Far right wingers and H Himmler one and the same!!!

                  Reply#38 - Mon Jul 12, 2010 2:55 PM EDT

                  Rush is crying "FIRE" in a crowded theater when there is no fire. I thought that was illegal!

                  • 1 vote
                  #38.1 - Mon Jul 12, 2010 3:27 PM EDT
                  Reply

                  Maddcow asked everyone not to tell when she went to historic Afghanistan to visit the troops.

                  • 1 vote
                  Reply#39 - Mon Jul 12, 2010 3:13 PM EDT

                  I have a few neighbors who got their dream houses from Fanny and Freddy. They are now in tears. They are now swearing off against the DINOS. Multiply that by thousands. The DINOS completely fooled them.

                    Reply#40 - Mon Jul 12, 2010 3:21 PM EDT

                    If you bought a house you couldn't afford you fooled yourself.

                      #40.1 - Mon Jul 12, 2010 3:30 PM EDT

                      For about the thousandth time, Fanny and Freddy DO NOT MAKE THE LOANS, the Banks do, Fanny and Freddy are required to buy certain classes of loans, with MUCH stricter oversight than the banks.

                      Fanny and Freddy have NEVER made the loans, so any bad loans are because of the banks or unscrupulous Real Estate lenders, like the now out of business and being sued and investigated by the Feds for Fraud Countrywide Mortgage. Blame Them, Not Fanny and Freddy, they just got left holding a small part of the bag.

                      • 1 vote
                      #40.2 - Mon Jul 12, 2010 7:16 PM EDT
                      Reply

                      bob parker, "Palin was right about the death panels." said Krugman your Democratic economist. You betcha. Aping Himmler who engineered it. All you DINOS are qualified engineers. Nice. I mean social engineers. RINOS don't practice social engineering. You are praising yourself like the other DINOS.

                        Reply#41 - Mon Jul 12, 2010 3:25 PM EDT

                        If you think getting credit from your bank is tough now wait until the democratic health bill is in place. Thanks to the republicans major elements of the democratic credit bill was softened and eliminated, but don't blame the republicans when you go to your bank and find that you will never be able to borrow money unless you walk on water.

                        • 1 vote
                        Reply#42 - Mon Jul 12, 2010 3:42 PM EDT

                        Scott Brown is a worm he should just declare he is a Democrat and get it over with, he has been their "Useful Idiot" since he took office.

                          Reply#43 - Mon Jul 12, 2010 4:17 PM EDT

                          I want Brown to Vote NO. My reason is the laws that are on the books now are not being enforced. Lets pratice inforcing the present laws before we pass new ones. Of course the Washington way of passing any bill, even if it is the same as the last law, using a smoke screen that says that they are working. What these thieves in Washington need to do is nothing. Do no harm. Brown is like the rest, no intelect. Stop Obama. He will spend us into bankruptcy. Go on recess. Do not go to Las Vegas. You would not want them to make money. Re-elect that thief Harry Reid. Do not stop the oil leak because it will interfear with Obama's Green Agenda. Be sure NASA continues it's out reach to the Isslamic world. Do not worry about Jews and Christians, because your the President. Lets bankrupt West Virgina with that dirty coal. It is Obama's moral right to stop the coal industry. We need to regulate carbon dioxide, so we can loose more jobs. No deep water drilling. Get your bicyle out. I hope you like eat to tofu and bean sprouts. No more Mc Donalds. He will be in your bedroom next. Your children will be sent to education camps. Obama will so become our "Dear Leader".Clean Energy is no energy! When will the emperor find out he has no clothes. Ken Krieger 239-283 7385 Cape Coral, Florida

                          • 1 vote
                          Reply#44 - Mon Jul 12, 2010 5:06 PM EDT

                          Kenneth Krieger:

                          You've pegged the BS meter. Tell me you don't really believe what you wrote. It's so childish and silly. You're not convincing anyone about your view, you're just showing them you're a BS'er. No one will want to read BS.

                            #44.1 - Mon Jul 12, 2010 5:28 PM EDT
                            Reply

                            I've noticed a pattern in Brown, he's for something, then he's against that something, then after people stroke his ego and kiss up to him, he's for it again, yep the GOP what a real winner there.

                              Reply#45 - Mon Jul 12, 2010 5:22 PM EDT

                              I thought Brown was a American.. Now he joins the ranks of the Socialist left. America has been strong for hundreds of years and if you have faith in her she will be back. Email,Fax,Post stop Browns vote

                              • 2 votes
                              Reply#46 - Mon Jul 12, 2010 5:24 PM EDT

                              Hmmm. Scott Brown. I think I'm starting to like this guy. I just wish he wasn't a Republican. But, at least he isn't a wing nut teabagger.

                                Reply#47 - Mon Jul 12, 2010 5:30 PM EDT

                                Kenneth,

                                By the way, there isn't any shallow water drilling happening either. According to CNN, seems Obama stopped that too, took a few months to write new regulations and no one has been able to comply - thus no permits, or approvals. More lost jobs, more smaller companies going under.

                                Beer time?

                                • 3 votes
                                Reply#48 - Mon Jul 12, 2010 5:34 PM EDT

                                Wrong - Brown was elected in special election to fill TK seat for the rest of his term. Brown's up for reelection in 2010.

                                  Reply#49 - Mon Jul 12, 2010 5:36 PM EDT

                                  Goodbye Scott and thanks for thinking about small business owners in California. Did you not get the Aspen memo from last week or is Zuckerman, Immelt et al., the little people now? Oh and thanks much to you as well Mitt Romney, this just cost you my vote.

                                    Reply#50 - Mon Jul 12, 2010 6:27 PM EDT

                                    People know Brown is a republican, but remember, he's a Massachusetts republican , which is about as far "left" as you can be and still be in the republican party. It hasn't even been six months and we see Brown voting along with democrats for more regulation , while "financial regulation" is very important, it makes you wonder how Brown will vote on potentially crippling

                                    legislation like "cap and trade"! GOVERNMENT IS THE ENEMY OF FREE PEOPLE!

                                    • 1 vote
                                    Reply#51 - Mon Jul 12, 2010 6:42 PM EDT

                                    I am not sure if the figures are correct regarding contributions to Obama vs McCain from the large brokerage houses but assuming for a moment that they are, I would have come to a different explanation than assuming they are all democrats. I would have suggested that everyone realized that public sentiment had turned against the Republicans and that McCain never had a chance to win this time around and in the game of Wall street they are in the practice on betting on winners. I doubt the party affiliation had as much to do with their selections as whose favors to curry. The greed of that industry (Through derivitive trading of DEBTS and then being able to insuring theoretical risk) had the largest inpact on the economic collapse and they must have figured they would be targets. Paying out support would have been a natural and desperate act. The only part that is shocking is that EITHER of the candidates took the money from the firms that were asking for massive bailouts. Doesn't anyone else se, or care how corrupt and immoral that actually is?

                                      Reply#52 - Mon Jul 12, 2010 7:04 PM EDT

                                      bull ever think it was you union loafers and non-union workers demanding as these ridiculous benefits-5 weeks plus vacation-25-45 dollar an hour jobs-umpteen holidays-umpteen six days-if try to fire any of you loafers the union takes us to court-the high cost of medical because you loafers smoke,drink get fat and dont give a damn-how much it costs us who hire you-meanwhile were competing against china who pays there employees with a bowl of rice-unemployment insurance-huge cost-pensions-huge cost-paying for medicare medicaid-and we give you all this and 3 of you come into work punch out and spend the day at the local bar and brag how your getting paid to drink all day-the next time the buddies who punched you in take the day off and drink all day and brag the same-no wonder were in the mess were in-many blame bush-I admit when he did the prescription drug give away and immigration reform he was actually a dem-you hate one of your own-the republican in disguise and was really a dem was bush-actually i was smart didnt vote for him the 2nd time voted libeterian-but sorry dems quit blaming bush us tea party guys already know he's a dem-hes on your clock as far as were concerned!!there the republicans like this scott were throwing out we know there dems and they must go once a true far right republican party we will wipe all you dems out takes time to clear the filth!!

                                        #52.1 - Mon Jul 12, 2010 7:23 PM EDT
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