Tim Fernholz wonders what happened to Bob Corker:
Bob Corker had done what few Senate Republicans have recently accomplished: Work alongside Democrats to produce an important piece of policy — the financial-reform bill — without turning around to call it a failure immediately after the ink was dry.
Then, on MSNBC Tuesday morning, Corker told viewers that “there’s nothing in this bill that’s tough on Wall Street.” While the bill coming before the Senate is far from perfect, it’s certainly angered the Wall Street banks. In fact, the part he co-wrote — the part that liquidates a failing firm instead of bailing it out — is one of the toughest parts.
