Senate Democrats

Reid Spokesman: Growing Evidence That Senator McConnell Is Willfully Misleading The Public About Wall Street Reform

Washington, DCJim Manley, spokesman for Nevada Senator Harry Reid, released the following statement today to highlight Senator Corker’s rebuttal of Senator McConnell’s false claims about bipartisan work on Wall Street reform.  Senator Corker took to the Senate floor yesterday and said that the provision in the bill to help liquidate failed banks in an orderly fashion is “anything but a bailout”:   “Now that Senator Corker has refuted false claims about our bill made by Senator McConnell, it is our hope that the Republican Leader will retract his earlier remarks and stop repeating such falsehoods.  With 1,500 Wall Street lobbyists trying to water down our bipartisan efforts to hold Wall Street accountable, it is past time for Senator McConnell to come clean regarding the nature of his closed-door meetings with Wall Street executives.  It’s been 12 days since he and Senator Cornyn met secretly with two dozen Wall Street executives to scheme about killing reform.  The public deserves to know who attended this meeting and what promises were made by Republicans to big banks.”