For the third straight day, Republican Senator Sam Brownback helped block an up-or-down vote on a sweeping reform of Wall Street that would prohibit the risky practices that led to the taxpayer bailout of the banking industry and the worst economic crisis since the Great Depression.  The Senate voted 57 to 41 to end debate and begin voting on the financial regulation bill, with Brownback voting in the minority.  However, under Senate rules, a minority of 40 votes can sustain a filibuster, thus preventing further action on the bill.   
 
“Instead of working to reign in the greed and recklessness on Wall Street, Sam Brownback is once again playing political games in Washington DC,” said State Senator Tom Holland, Brownback’s Democratic opponent for governor. “Games like this may be normal in Washington, but we don’t need Sam Brownback bringing Washington DC politics back with him to Kansas.”
 
S. 3217 would prevent future taxpayer bailouts of failed financial firms, crack down on risky investments like the ones that toppled Lehman Brothers and AIG, require lenders to explain in clear English the terms for mortgages, car loans, credit cards and other financial products, and strengthen laws to protect consumers and individual investors.
 
“American taxpayers bailed out the institutions that created the financial crisis, and now those institutions are paying their executives record bonuses,” said Holland. "Sam Brownback has teamed up with Wall Street executives and their Washington lobbyists to play political games in Congress.  As governor, I won't play games, I'll just work hard for the people of Kansas."