McConnell: Finance Bill Has Bailout Fund — It Doesn’t Matter That It’s Produced From Banks Appearing on State of the Union, Senate Minority Leader Mitch McConnell (R-KY) stood by his contention that the financial reform bill would create a permanent bailout fund. When it was pointed out that this $50 billion fund would be funded by the banks themselves, rather than the taxpayers, McConnell responded: “Regardless of where the – how the money is produced, it is a bailout fund that sort of guarantees in perpetuity that we’ll be intervening once again to bail out these big firms.”
This is a companion discussion topic for the original entry at https://talkingpointsmemo.com/?p=127724