White House didn't know about SEC decision beforehand

With all 41 Senate Republicans united against the proposed financial regulatory reform bill, Senate Banking Chairman Chris Dodd (D-Conn.) has left no doubt he thinks the case should help Democrats argument to move forward with the measure while painting Republicans as pro-Wall Street. 

"By not enacting our legislation, by filibustering it, stopping it, we leave the American public vulnerable once again to the kind of shenanigans that have occurred in our large financial institutions across this country," Dodd said earlier today.