Friday, April 16, 2010

McConnell Won't Talk About Meeting With Hedge Fund Managers

Senate Minority Leader Mitch McConnell (R-KY) has been falsely linking financial reform with continued taxpayer-funded bailouts. McConnell is handsomely paid off for such distortions by his largest contributor, the financial industry.

McConnell and Senator John Cornyn (TX) recently met with Wall Street hedge fund managers to tell them that electing Republicans will help in the effort to oppose financial regulatory reform. But McConnell doesn't want to talk about that meeting. When reporters asked about it, he repeatedly dodged the question and spoke about community bankers in Kentucky. Watch (h/t Think Progress):



QUESTION: How do you push back against this perception that you’re doing the bidding of the large banks? There was a report that you guys met with hedge fund managers in New York. A lot of people are viewing this particular line of argument, this bailout argument as spin –
MCCONNELL: You could talk to the community bankers in Kentucky.
QUESTION: I’m not asking you about the community bankers.
MCCONNELL: Well, I’m telling you about the community bankers in Kentucky.
QUESTION: Have you talked with other people other than community bankers?
MCCONNELL: Well, sure. We talk to people all the time. I’m not denying that. What’s wrong with that? That’s how we learn how people feel about legislation. But the community bankers in Kentucky, the little guys, the mainstreet guys, are overwhelmingly opposed to this bill.
QUESTION: What do you say to folks this is just meant to deflect attention from the fact your defending the large banks?
MCCONNELL: I’d say that’s innaccurate.

2 comments:

Tom Degan's Daily Rant said...

If a tree falls in the forest....

....does it make a sound if Mitch McConnell is not there to deny that a sound was made?

http://www.tomdegan.blogspot.com

Tom Degan

Jeff Tone said...

An interesting philosophical inquiry, Tom! I suppose that in McConnell's mind, the answer is no.