Elizabeth Warren Introduces 21st Century Glass-Steagall Act

[merrily]

83. FYI, there was no alleged veto proof majority, anyway.

It takes a 2/3 vote of each house of Congress to override a Presidential veto.

The vote in the Senate was 54 yea to 44 nay, or a total of 98.

2/3 of 98 would have been 66.5 Senators, but you have to round up to 67, Well short of a "veto proof" vote in the Senate, even if there were such a thing as a veto proof vote. (There isn't.)


The vote in the House was 362 yea to 57 nay nay, or a total of 419. That would have been enough to override a veto, assuming everyone would have voted the same way after the veto, which is not a safe assumption.

And, another poster noted, many Democrats supported the Bill because of Bill Clinton. Both Clinton and Greenspan pressured Congress to repeal. At first Clinton defended repeal, even after the 2008 collapse. More recently, he said he got bad advice.

The wiki even says Clinton thought Glass Steall was no longer appropriate.

https://en.wikipedia.org/wiki/Glass%E2%80%93Steagall_Act