• The fact is, this bill wouldn’t solve the problems that led to the financial crisis. It would make them worse. This bill not only allows for taxpayer-funded bailouts of Wall Street banks; it institutionalizes them.
• Senate Minority Leader Mitch McConnell • Regarding the financial reform bill that the Democrats are trying to push through. Let’s go back in time and remind you that this is the guy whose entire political plan of attack involves disagreeing with the Democrats on everything – a plan which wasn’t enough to sideline the health care law. Democrats wanted to work with Republicans on the plan, by the way. (They’re still working behind the scenes.) Fellow Republican Bob Corker made an effort to work across the aisle, but he couldn’t get any help. A couple of weeks ago, in fact, we posted an article titled “Could financial reform be the GOP’s way out of ‘just say no?’” McConnell gave us our answer (at least from GOP leadership). No. source

Posted by Ernie Smith • Permalink