Every member of the Senate Republican Caucus has signed a letter, delivered to Senate Majority Leader Harry Reid, expressing opposition to the Democrats' financial regulatory reform bill, which they all claim will lead to more Wall Street bailouts.
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"We are united in our opposition to the partisan legislation reported by the Senate Banking Committee," the letter reads. "As currently constructed, this bill allows for endless taxpayer bailouts of Wall Street and establishes new and unlimited regulatory powers that will stifle small businesses and community banks."
As of last night, 40 of the Senate's 41 Republicans had signed the letter. The lone holdout, Sen. Susan Collins (R-ME), said yesterday that she opposed the legislation but hadn't yet decided whether to sign, and it's not clear what convinced her.