Wednesday
May052010
Reid: Republicans Must Stop Making Love To Wall Street
By Antonia Aguilar - University of New Mexico / Talk Radio News Service
“The Republicans are having difficulty determining how they’re going to continue making love to Wall Street,” said Majority Leader Harry Reid (D-NV) at a press briefing Wednesday where he accused Republicans of delaying the progress of financial reform through the Senate.
“The Republicans have stopped us from doing anything on this bill. We are doing absolutely nothing on the floor and it's very, very troubling for all of us,” said Reid after lamenting on other key issues the Senate has yet to address because financial reform hasn’t been passed.
Reid stressed that two weeks after financial reform was proposed to the Senate, Wall Street is still operating under the same programs that they did when they started their “fly-by-night scams” that lead to the financial crisis.
“Programs are still in place,” Reid said. “We don’t have the rules to enforce anything, thats what this legislation is all about and its a shame that we haven't been able to move to it.”
The Majority Leader said he hopes to get enough support to pass legislation through the floor but remains skeptical of a quick turn out in light of recent disagreements with Ranking Member Richard Shelby (R-AL).
“It's obvious that [Republicans] do not want to put any decent restrictions on what Wall Street has done or are doing and that's pretty clear,” said Reid.
“The Republicans are having difficulty determining how they’re going to continue making love to Wall Street,” said Majority Leader Harry Reid (D-NV) at a press briefing Wednesday where he accused Republicans of delaying the progress of financial reform through the Senate.
“The Republicans have stopped us from doing anything on this bill. We are doing absolutely nothing on the floor and it's very, very troubling for all of us,” said Reid after lamenting on other key issues the Senate has yet to address because financial reform hasn’t been passed.
Reid stressed that two weeks after financial reform was proposed to the Senate, Wall Street is still operating under the same programs that they did when they started their “fly-by-night scams” that lead to the financial crisis.
“Programs are still in place,” Reid said. “We don’t have the rules to enforce anything, thats what this legislation is all about and its a shame that we haven't been able to move to it.”
The Majority Leader said he hopes to get enough support to pass legislation through the floor but remains skeptical of a quick turn out in light of recent disagreements with Ranking Member Richard Shelby (R-AL).
“It's obvious that [Republicans] do not want to put any decent restrictions on what Wall Street has done or are doing and that's pretty clear,” said Reid.
Transparency On Healthcare Pricing Will Increase Quality, Says House Democrat
University of New Mexico/Talk Radio News Service
Rep. Steve Kagen (D-Wisc.) said Thursday that initiating price transparency within the health care marketplace will generate competition, driving quality up and prices down.
Kagen's remarks came during testimony before the House Energy and Commerce Committee's Subcommittee on Health.
“Doing so will...[allow] families to find the essential information necessary to make their health care decisions based upon the quality, the price and the service of available caregivers within their hometown area and even across the nation," said Kagen.
Kagen affirmed his support for the recently introduced, Transparency in All Health Care Pricing Act of 2010. The bill would require all medical service and product providers to publicly disclose the overall price for all services rendered. Kagen likened the bill to the traditional formality at restaurants where the customer knows in advance the description and price of a meal before ordering.
“A foot-long sandwich costs you $5 no matter what you decide to put into it,” he said. “If the owners of Subway can figure out how to make money by “lumping” their prices, so can our nation’s hospitals.”