“Heat” is the word of the day
April 17, 2010 | federal legislation, industry | Comments (0)And the White House is turning it up on financial reform. From ABC News:
In his weekly address, President Obama called Senate Minority Leader Mitch McConnell’s mantra that the financial regulatory reform bill would amount to a bailout bill a “cynical and deceptive” argument.
“The leader of the Senate Republicans and the chair of the Republican Senate Campaign Committee met with two dozen top Wall Street executives to talk about how to block progress on this issue,” Obama said. “Lo and behold, when he returned to Washington, the Senate Republican leader came out against the common-sense reforms we’ve proposed. In doing so, he made the cynical and deceptive assertion that reform would somehow enable future bailouts – when he knows that it would do just the opposite.”
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