U.S. Senate Minority Leader Mitch McConnell is not on board with the financial reform bill that's about to hit the floor.
According to McConnell American taxpayers should never again be expected to bail out Wall Street from its own mistakes.
"Everybody agrees on the need to protect taxpayers from being on the hook for future Wall Street bailouts.This bill would all but guarantee that the pattern continues. We need to end the worst abuses on Wall Street without forcing the taxpayer to pick up the tab. That's what Republicans are fighting for in this debate. The taxpayers have paid a high enough price already. We're not going to expose them to even more pain down the road," Sen. McConnell says.
McConnell adds the only way to solve the problem is to let people pay for their own mistakes and that it will not happen until the some of the biggest banks are allowed to fail.