(Reuters) - The Senate Thursday rejected a proposal that would split up the six largest banks in an effort to ensure that large financial firms do not threaten the economy if they fail.
The measure, which failed by a vote of 33 to 61, would have placed hard limits on banks' market share of insured deposits and limited the size of their non-deposit liabilities.
| 00161 | 20-May | S. 3217 | On the Motion S.Amdt. 3739 | Agreed to | Motion to Waive All Applicable Budgetary Discipline RE: Dodd Amdt. No. 3739; In the nature of a substitute. |
| 00160 | 20-May | S. 3217 | On the Cloture Motion S.Amdt. 3739 | Agreed to | Upon Reconsideration Motion to Invoke Cloture on Amdt. No. 3739; In the nature of a substitute. |
| 00159 | 19-May | S. 3217 | On the Amendment S.Amdt. 3746 | Rejected | Whitehouse Amdt. No. 3746 As Modified Further; To restore to the States the right to protect consumers from usurious lenders. |
| 00158 | 19-May | S. 3217 | On the Cloture Motion S.Amdt. 3739 | Rejected | Motion to Invoke Cloture On Dodd Amdt. No. 3739; In the nature of a substitute. |
| 00157 | 18-May | S. 3217 | On the Amendment S.Amdt. 4072 | Agreed to | Grassley Amdt. No. 4072; To provide for the independence of Inspectors General of certain designated Federal entities, and for other purposes. |
| 00156 | 18-May | S. 3217 | On the Motion to Table S.Amdt. 4114 | Agreed to | Motion to Table Dorgan Amdt. No. 4114; To ban naked credit default swaps and for other purposes. |
| 00155 | 18-May | S. 3217 | On the Amendment S.Amdt. 4071 | Agreed to | Carper Amdt. No. 4071; To address the applicability and preservation of certain State authorities, and for other purposes. |
| 00154 | 18-May | S. 3217 | On the Amendment S.Amdt. 4034 | Rejected | Corker Amdt. No. 4034; To address the applicability of certain State authorities with respect to national banks, and for other purposes. |
| 00153 | 18-May | S. 3217 | On the Amendment S.Amdt. 4051 | Rejected | Gregg Amdt. No. 4051 As Modified; To prohibit taxpayer bailouts of fiscally irresponsible State and local governments. |
| 00152 | 17-May | S. 3217 | On the Amendment S.Amdt. 3986 | Agreed to | Cornyn Amdt. No. 3986; To protect United States taxpayers from paying for the bailouts of foreign governments. |
| 00151 | 17-May | S. 3217 | On the Motion S.Amdt. 4020 | Rejected | Motion to Waive All Applicable Budgetary Discipline RE: Crapo Amdt. No. 4020; To limit further bailouts of Fannie Mae and Freddie Mac, to enhance the regulation and oversight of such enterprises, and for other purposes. |
| 00150 | 13-May | S. 3217 | On the Amendment S.Amdt. 3987 | Rejected | Thune Amdt. No. 3987; To provide for increased Congressional oversight through a sunset of the authority created under title X related to the creation of the Bureau of Consumer Financial Protection. |
| 00149 | 13-May | S. 3217 | On the Amendment S.Amdt. 3989 | Agreed to | Durbin Amdt. No. 3989 as Modified; To ensure that the fees that small businesses and other entities are charged for accepting debit cards are reasonable and proportional to the costs incurred, and to limit payment card networks from imposing anti-competitive restrictions on small businesses and other entities that accept payment cards. |
| 00148 | 13-May | S. 3217 | On the Amendment S.Amdt. 3832 | Rejected | Sessions Amdt. No. 3832; To provide an orderly and transparent bankruptcy process for non-bank financial institutions and prohibit bailout authority. |
| 00147 | 13-May | S. 3217 | On the Amendment S.Amdt. 3774 | Agreed to | LeMieux Amdt. No. 3774 as Modified; To remove statutory references to credit rating agencies. |
| 00146 | 13-May | S. 3217 | On the Amendment S.Amdt. 3991 | Agreed to | Franken Amdt. No. 3991; To instruct the Securities and Exchange Commission to establish a self-regulatory organization to assign credit rating agencies to provide initial credit ratings. |
| 00145 | 12-May | S. 3217 | On the Amendment S.Amdt. 3943 | Agreed to | Reed Amdt. No. 3943; To establish a specific consumer protection liaison for service members and their families, and for other purposes. |
| 00144 | 12-May | S. 3217 | On the Amendment S.Amdt. 3816 | Rejected | Chambliss Amdt. No. 3816; To implement regulatory oversight of the swap markets, to improve regulator's access to information about all swaps, to encourage clearing while preventing concentration of inadequately hedged risks in central clearinghouses and ensuring that corporate end users can continue to hedge their unique business risks, and to improve market transparency. |
| 00143 | 12-May | S. 3217 | On the Amendment S.Amdt. 3759 | Agreed to | Hutchison Amdt. No. 3759 as Modified; To maintain the role of the Board of Governors as the supervisor of holding companies and State member banks. |
| 00142 | 12-May | S. 3217 | On the Amendment S.Amdt. 3955 | Rejected | Corker Amdt. No. 3955; To provide for a study of the asset-backed securitization process and for residential mortgage underwriting standards. |
| 00141 | 12-May | S. 3217 | On the Amendment S.Amdt. 3962 | Agreed to | Merkley Amdt. No. 3962; To prohibit certain payments to loan originators and to require verification by lenders of the ability of consumers to repay loans. |
| 00140 | 11-May | S. 3217 | On the Amendment S.Amdt. 3839 | Rejected | McCain Amdt. No. 3839; To provide for enhanced regulation of, and to establish a term certain for the conservatorships of Fannie Mae and Freddie Mac, to provide conditions for continued operation of such enterprises, to provide for the wind down of such operations and the dissolution of such enterprises, and to address budgetary treatment of such enterprises. |
| 00139 | 11-May | S. 3217 | On the Amendment S.Amdt. 3938 | Agreed to | Dodd Amdt. No. 3938; To require the Secretary of the Treasury to conduct a study on ending the conservatorship of Fannie Mae and Freddie Mac, and reforming the housing finance system. |
| 00138 | 11-May | S. 3217 | On the Amendment S.Amdt. 3760 | Rejected | Vitter Amdt. No. 3760; To address availability of information concerning the meetings of the Federal Open Market Committee, and for other purposes. |
| 00137 | 11-May | S. 3217 | On the Amendment S.Amdt. 3738 | Agreed to | Sanders Amdt. No. 3738 as Modified; To require the non-partisan Government Accountability Office to conduct an independent audit of the Board of Governors of the Federal Reserve System that does not interfere with monetary policy, to let the American people know the names of the recipients of over $2,000,000,000,000 in taxpayer assistance from the Federal Reserve System, and for other purposes. |
| 00136 | 06-May | S. 3217 | On the Amendment S.Amdt. 3733 | Rejected | Brown (OH) Amdt. No. 3733; To impose leverage and liability limits on bank holding companies and financial companies. |
| 00135 | 06-May | S. 3217 | On the Amendment S.Amdt. 3898 | Rejected | Ensign Amdt. No. 3898; To amend the definition of the term "financial company" for purposes of limits on nondesposit liabilities. |
| 00134 | 06-May | S. 3217 | On the Motion | Agreed to | Motion to Instruct the Sgt. At Arms; An original bill to promote the financial stability of the United States by improving accountability and transparency in the financial system, to end "too big to fail", to protect the American taxpayer by ending bailouts, to protect consumers from abusive financial services practices, and for other purposes. |
| 00133 | 06-May | S. 3217 | On the Amendment S.Amdt. 3826 | Rejected | Shelby Amdt. No. 3826; To establish a Division of Consumer Financial Protection within the Federal Deposit Insurance Corporation, and for other purposes. |
| 00132 | 06-May | S. 3217 | On the Amendment S.Amdt. 3749 | Agreed to | Tester Amdt. No. 3749; To require the Corporation to amend the definition of the term "assessment base". |
| 00131 | 05-May | S. 3217 | On the Amendment S.Amdt. 3827 | Agreed to | Shelby-Dodd Amdt. No. 3827; To improve the bill. |
| 00130 | 05-May | S. 3217 | On the Amendment S.Amdt. 3737 | Agreed to | Boxer Amdt. No. 3737; To prohibit taxpayers from ever having to bail out the financial sector. |
| 00129 | 05-May | PN1246 | On the Nomination | Confirmed | Confirmation Nancy D. Freudenthal, of Wyoming, to be U.S. District Judge |
| 00128 | 05-May | PN1341 | On the Nomination | Confirmed | Confirmation Gloria M. Navarro, of Nevada, to be U.S. District Judge |
| 00127 | 28-Apr | S. 3217 | On Cloture on the Motion to Proceed | Rejected | Second Motion to Invoke Cloture on the Motion to Proceed to Consider S. 3217; An original bill to promote the financial stability of the United States by improving accountability and transparency in the financial system, to end "too big to fail", to protect the American taxpayer by ending bailouts, to protect consumers from abusive financial services practices, and for other purposes. |
| 00126 | 27-Apr | S. 3217 | On Cloture on the Motion to Proceed | Rejected | Upon Reconsideration Motion to Invoke Cloture on the Motion to Proceed to S. 3217; An original bill to promote the financial stability of the United States by improving accountability and transparency in the financial system, to end "too big to fail", to protect the American taxpayer by ending bailouts, to protect consumers from abusive financial services practices, and for other purposes. |
| 00125 | 26-Apr | S. 3217 | On the Motion | Agreed to | Motion to Instruct the Sergeant at Arms; An original bill to promote the financial stability of the United States by improving accountability and transparency in the financial system, to end "too big to fail", to protect the American taxpayer by ending bailouts, to protect consumers from abusive financial services practices, and for other purposes. |
| 00124 | 26-Apr | S. 3217 | On the Cloture Motion | Rejected | Motion to Invoke Cloture on the Motion to Proceed to Consider S. 3217; An original bill to promote the financial stability of the United States by improving accountability and transparency in the financial system, to end "too big to fail", to protect the American taxpayer by ending bailouts, to protect consumers from abusive financial services practices, and for other purposes. |
"This isn't disappointment at having lost. It's anger because those other guys didn't really win, and people now want the score overturned.
All weekend I was thinking about this “jealousy” question, and I just kept coming back to all the different ways the game is rigged. People aren't jealous and they don’t want privileges. They just want a level playing field, and they want Wall Street to give up its cheat codes, ..."
continued on
http://www.rollingstone.com/politics/blogs/taibblog/owss-beef-wall-street-isnt-winning-its-cheating-20111025