Democrats Call GOP Bluff: All-Night Threat Yields Financial Reform Discussion

Image from source, TPM Muckraker

So, was it "internal pressure," or as Rachel Maddow suggests, fear of the dreaded cots?

[Excerpt]

Bowing To Internal Pressure, GOP Allows Debate On Financial Reform

Without a single objection, Republicans tonight dropped their three day filibuster of financial reform legislation, agreeing unanimously to debate the Democrats' bill on the Senate floor.

Though clearly a big defeat for the Republicans, their line tonight is that they endured this week's political maelstrom for a substantive reason: to allow Sen. Richard Shelby (R-AL) to extract as many concessions out of Banking Committee Chairman Chris Dodd as he could. When Dodd said no more, they relented. . .

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