McConnell Slams Financial Reform Bill After Meeting With Hedge Fund Managers

[Joanne98]

This morning, Senate Minority Leader Mitch McConnell (R-KY) declared his opposition to the financial reform bill before the Senate. McConnell claimed to have principled objections to the bill, saying that it “institutionalizes” bailouts of Wall Street and that it would give the Federal Reserve “enhanced emergency lending authority that is far too open to abuse.”

What McConnell did not mention was that, last week, he traveled alongside National Republican Senatorial Committee chairman Sen. John Cornyn (TX) to New York City for a private meeting with elite hedge fund managers and other Wall Street executives. The purpose of the meeting between the top Republicans and the financial executives was to enlist “Wall Street’s help” in funding Republican campaigns in the fall and killing any tough financial reform:

As a financial reform bill starts to take shape in Washington, two key lawmakers came to New York City last week to explain what it means for Wall Street, and how financial executives might help prevent some of its least market-friendly aspects from becoming law by electing more Republicans, FOX Business Network has learned.

About 25 Wall Street executives, many of them hedge fund managers, sat down for a private meeting Thursday afternoon with two of the most powerful Republican lawmakers in Congress: Senate Minority Leader Mitch McConnell of Kentucky, and John Cornyn, the senior senator from Texas who runs the National Republican Senatorial Committee, one of the primary fundraising arms of the Republican Party. <...[br />
http://thinkprogress.org/2010/04/13/mcconnell-financial-hedge-fund/

[cutlassmama]

1. Tan man strikes again. Too much sun has fried his brain.

[atreides1]

2. In other words

The Republicans are selling their votes for money!

[DCKit]

3. If only more of this stuff made it to the papers "back home".

There are about two dozen (R)s that would be hounded mercilessly (out of office) if the teabaggers, Wingers and moderate (R)s could be convinced how much damage these guys are doing to their own constituents - the people we can't seem to get through to, who continue to vote against themselves every damn election.

Pizza for Mr. McConnell! And y'all know the rest of the names.

[SpiralHawk]

4. McConnell (R) Kisses Corporate Big Buck Republicon Ass

Again. As usual. A ritual republicon act -- worshiping Mammon.

[tridim]

5. They'll do anything for anyone who has money.

Just like the whores they are.

Why does ANYONE (other than their pimps) support Republicans?

[bulloney]

6. Wall Street should be so regulated they need permission from the president to pee.

They blew any argument they may have had for deregulation or self-regulation with the shady investment schemes they've used and continue to use since the recession/depression began.