Moral hazard for Party of No

Today's column by Robyn Blumner is great:

Senate Minority Leader Mitch McConnell is asserting that the Senate [financial reform] bill will lead to more bank bailouts. It is an absurd claim. The bill proposed by Sen. Chris Dodd, chairman of the Senate Banking Committee, would impose a host of new financial controls, higher capital levels and systemic risk oversight to prevent another too-big-to-fail scenario. And it would have been stronger had Dodd not tried to appease Republicans on his committee.

..."Everybody agrees on the need to protect taxpayers from being on the hook for future Wall Street bailouts," McConnell said in a speech on the Senate floor Tuesday. "This bill would all but guarantee that the pattern continues."

The dishonesty is so bold it borders on impressive.