Scott Brown shows he’s a sellout – takes bribe from Reid
The Massachusetts Republican, who had voted against ending debate on Wednesday, met with Reid Thursday morning to voice his concerns regarding the bill’s effect on Massachusetts banks such as State Street and insurance firms such as MassMutual. House Financial Services Committee chairman Barney Frank, also of Massachusetts, weighed in Thursday with letters to Reid offering his own guarantees that the final bill would resolve Brown’s concerns.
By: JIM KUHNHENN at Washington Examiner
WASHINGTON — Prodded by national anger at Wall Street, the Senate cleared the way Thursday for the most far-reaching new restraints on big banks since the Great Depression. President Barack Obama cheered from the White House.
Breaking a Senate blockade by a single vote, lawmakers voted 60-40 to end debate and advance the massive financial regulation bill, which has become a priority for Obama after the passage of his health care overhaul in March.
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