This would have kicked so much more ass if Harry had only thought to say “sweet, sweet love.” Oh well!
Senate Majority Leader Harry Reid (D-Nev.) accused Republicans Wednesday of “making love to Wall Street.”
Reid charged that Republicans are stalling action on a Wall Street reform bill because “they are having difficulty determining how they’re going to continue making love to Wall Street” by resisting banking regulation.
The sweeping Wall Street reform bill had stalled on the Senate floor because of a partisan disagreement over how to handle amendments, though shortly after Reid’s comments, Senate Banking Committee Chairman Chris Dodd (D-Conn.) announced a breakthrough in negotiations.
The deal Dodd struck with Sen. Richard Shelby (R-Ala.), the ranking member on his panel, is focused on how to deal with “too big to fail” institutions. It’s not clear whether the deal to provide for the orderly liquidation of troubled banks would be enough to solve the partisan dispute over other amendments.
“They won’t let us deal with any amendments,” Reid complained before Dodd’s announcement. He noted that Republicans had objected to amendments offered by Sen. Olympia Snowe (R-Maine) that Democrats would accept without opposition.