Ezra Klein has beat me to it again. Today Mitch McConnell came out against Dodd's bank reform bill, claiming that by setting up and funding a resolution authority that enables regulators to liquidate the largest financial institutions in an orderly fashion if they become insolvent, it is enabling and in fact guaranteeing future "bailouts." "“This bill not only allows for taxpayer-funded bailouts of Wall Street banks; it institutionalizes them,” McConnell pronounced.
Mitch McConnell, bank-shrinker?
Mitch McConnell, bank-shrinker?
Mitch McConnell, bank-shrinker?
Ezra Klein has beat me to it again. Today Mitch McConnell came out against Dodd's bank reform bill, claiming that by setting up and funding a resolution authority that enables regulators to liquidate the largest financial institutions in an orderly fashion if they become insolvent, it is enabling and in fact guaranteeing future "bailouts." "“This bill not only allows for taxpayer-funded bailouts of Wall Street banks; it institutionalizes them,” McConnell pronounced.