Sens. McConnell and Cornyn go to Wall Street

Ezra Klein on the Republican meeting with Wall Street big wigs:

McConnell and Cornyn's many virtues aside, neither of them are experts on this bill. Neither of them sits on the Senate Banking Committee. Neither of them can say what the legislation means for Wall Street. It's one thing to have those two going out on Fox News and offering red meat speeches to the base, but to have them telling a room of executives how the derivatives language will affect their business? It's laughable. And they didn't even have enough respect for the Wall Streeters to bring Richard Shelby or Bob Corker or one of the Republicans who can talk confidently about the legislation.

That said, if you're looking for help predicting the ultimate amount of bipartisan cooperation on this bill, the fact that Cornyn and McConnell are basing their fundraising strategy around their opposition to financial regulation should offer a clue.

 

Posted via email from Jim Nichols