Corker Says Financial Regulation Bill Hurts Banks and Business

Tennessee Senator Bob Corker is escalating his criticism of the recently passed financial reform. He’s part of the conference committee working this week to iron out differences between bills passed by the House and Senate.

Corker was a key negotiator for financial reform but says what ultimately passed could hurt companies that need loans to grow their business.

“This bill does everything it can to destroy the ability of that company to seek capital to create jobs, right at a time, at a time in this country when we’re trying to create jobs.”

There are some good parts of the bill, Corker says, and others that could be improved. He told members of the conference committee he didn’t expect to support the final version but would work to make it better since it will become what he called “the law of the land.”

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