Bank seizure Bill ??? Dem votes with Republicans

[Dolphin]

Democrat Ben Nelson breaks with party, votes against forwarding financial reform
By Michael O'Brien - 04/26/10 05:27 PM ET

Sen. Ben Nelson (D-Neb.) voted Monday evening against beginning debate on his party's Wall Street reform bill.

Nelson, a centrist Democrat who also broke with his party on healthcare legislation and several jobs bills, joined Republicans in opposing the legislation.

The vote this afternoon was a long-awaited procedural vote to begin formal debate on the legislation, Democrats' top legislative priority since returning from recess.

But after negotiations between Sen. Chris Dodd (D-Conn.), the chairman of the Banking committee, and Sen. Richard Shelby (R-Ala.), the ranking member, had hit snags over the weekend, the vote was expected to fall short.

A series of Republicans who had been seen as wavering on the bill stuck with the GOP on the vote, though all 59 Senate Democrats had been seen as likely to join together to support the bill.

[Dolphin]

Realize this

Every NEW Law will Cost Company's $$$$ that is Inflationary and the cost is Past on to YOU

and also shows LESS returns to Investors, shareholder, and YOUR Co. Pension Plan


Example Below
Lincoln's proposal also would have exempted existing derivatives contracts from margin requirements, or collateral. Dodd succeeded in eliminating the collateral exception. That would potentially add significant costs to companies with derivatives portfolios, such as Buffett's Berkshire Hathaway Inc.