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Republicans Want to Abolish Financial Firemen

McConnell is doing Wall Street's bidding

By Kevin Spak, Newser Staff

Posted Apr 16, 2010 9:08 AM CDT

(Newser) – Mitch McConnell wants to abolish fire departments—they just bail out burning buildings. We won’t get out of this mess until the biggest buildings are allowed to burn! That’s essentially what McConnell’s latest assault on financial reform amounts to, writes Paul Krugman... Read full story »

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Republicans Want to Abolish Financial Firemen

McConnell is doing Wall Street's bidding

Mitch McConnell • Paul Krugman • FDIC • bailout • bank regulation • financial reform • Too Big to Fail • Obama bank regulation

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More Newser Stories

Krugman on Finance Reform: Go Big, or Go Home

No reform better than current Senate bill

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Financial lobbyists added too much, claims former Fed chair

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Scott Brown, Olympia Snowe and Susan Collins cross party line

Banks Secretly Pleased With Wall Street Reform Bill

It'll curb profits, but won't reduce their power

GOP Focuses on Single Word in Financial Reform Fight

And the bill's offending word is: 'significantly'

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