More " Mitch"? lol ?
Posted in the Mason Forum
#1 Oct 20, 2013
#2 Oct 20, 2013
In April 2010, while Congress was considering financial reform legislation, a reporter asked McConnell if he was "doing the bidding of the large banks." McConnell has received more money in donations from the "Finance, Insurance and Real Estate" sector than any other sector according to the Center for Responsive Politics. McConnell responded "I'd say that that's inaccurate. You could talk to the community bankers in Kentucky." The Democratic Party's plan for financial reform is actually a way to institute "endless taxpayer funded bailouts for big Wall Street banks", said McConnell. He expressed concern that the proposed $50 billion, bank-funded fund that would be used to liquidate financial firms that could collapse "would of course immediately signal to everyone that the government is ready to bail out large banks". In McConnell's home state of Kentucky, the Lexington Herald-Leader ran an editorial saying, "We have read that the Republicans have a plan for financial reform, but McConnell isn't talking up any solutions, just trashing the other side's ideas with no respect for the truth."
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