The Hill reports Mitch McConnell said two things worth commending him on:
“When our good friends on the other side of the aisle say raising taxes on the wealthy, they really mean small businesses,” McConnell said on CNN’s “Late Edition.
“I think nationalizing the banks is an absolutely wrong thing to do.”
Good for him. While I’ve got serious disagreements with some of things McConnell does, it is great to hear him take these two positions. He is absolutely right and I hope he pushes his Senate GOP colleagues to hold the line on both issues.
Citibank does not need nationalization. It needs bankruptcy. Just because it has a bunch of foreign investors does not mean it should get out of the process a lesser entity would go through.