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Snowe: No decision on U.S. financial reg reform vote
LISBON FALLS, Maine |
LISBON FALLS, Maine (Reuters) - Maine Senator Olympia Snowe said on Saturday she has not decided which way to vote on crucial financial reform legislation, with the most important thing being "to get it right."
Snowe is one of two moderate Republicans in the U.S. Senate whose vote is seen as critical to passing the bill.
"It's a big issue, and the most important thing is to make sure we get it right," Snowe told Reuters when asked if recent changes to the legislation had secured her support.
"I'm still looking at it -- it's this big," Snowe said of the bill, holding her hands about six inches apart as she marched in the annual Moxie Festival parade in Lisbon Falls, Maine, which celebrates the state's official soft drink.
Snowe, along with Senator Scott Brown of Massachusetts, are thought likely to support the sweeping bill after a plan to impose a $19 billion tax on large banks and hedge funds was scrapped by Democrats at Brown's urging.
Snowe voted for an earlier version of the bill passed by the Senate in May.
A final Senate vote is possible next week. Democrats need 60 votes to overcome any Republican maneuvers to block the bill.
(Reporting by Sarah Mahoney in Lisbon Falls, writing by Ros Krasny; Editing by Doina Chiacu)
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not the taxpayers.
Reinstate the bank tax and give the taxpayers a flipping’ break for a change. We’ve suffered enough for the sins of the wealthy elite.
Would somebody please explain to the American People why the banking system is NOT GOING TO PAY the bill for building a financial regulatory system that protects the world from their amazing short-sighted stupidity and arrogance?
Also, banks paid back the loans with much interest so why not use the profits made by the feds there to pay for this regulatory system which you can be certain will be a dismal failure – just like all the others. They already have a regultoory system in place and it failed to protect even against it own – Fannie Mae and Freddie Mac. So why use this asn an excuse to build more failing regulatory systems.
Finally if you force banks to pay for this government fiasco in the making it will take money out of the economyi when it is most needed. It will be a tax on us the people since banks have no money except that which they get from us with fees et al. Taxes on corporations are always taxes on us!
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