From BigGovernment.com:

Sen. Bob Corker (R-TN) has snatched defeat from the jaws of victory with his complete capitulation and total surrender on the Financial Services bill.  The bill, passed by the House with a $4 trillion bailout provision, making bailouts the permanent policy of the United States government, was on it’s last legs until Corker came to the rescue.  Now the Washington Post and other are reporting that Corker and ethically-challenged, retiring Sen. Chris Dodd (D-CT) are on the verge of a deal to breathe life back into the regulatory and bailout scheme.

Let’s be clear – the President and the hard left want this bill. David Reilly of Bloomberg described the measure as Barney Frank’s $4 trillion gift to the banks ^[1]. Reilly wrote:

Here are some of the nuggets I gleaned from days spent reading Frank’s handiwork:

– For all its heft, the bill doesn’t once mention the words “too-big-to-fail,” the main issue confronting the financial system. Admitting you have a problem, as any 12- stepper knows, is the crucial first step toward recovery.

AND HERE’S YOUR ACTION ALERT:

Sources in the Senate have made conservatives aware of a sleight of hand that Sen. Corker and Dodd may use to try to get this bill through the Senate. The discussion draft contained the infamous bailout provisions. But we have been warned that the “compromise” may take the bailouts out so they can be inserted back into the bill through the House Senate conference committee.

Does this sound like a bill a senior Republican Senator should be trying to revive? Since when do Republicans believe in more government, more bureaucrats and more Washington red tape?

Bob Corker’s Senate office number is 202-224-3344.