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Poor Bob Corker. He’s the rare Republican senator who actually seems to be serious about financial reform, but his own party is undermining him with the usual Luntz-inspired deceptions about “endless taxpayer-funded bailouts,” coddling of Wall Street, and so forth. Corker has basically asked the GOP leadership to put a sock in it, explaining exactly how his proposals to wind up failing banks would work and how it would protect taxpayers. Matt Yglesias:

Corker is exactly right about this. Chris Dodd’s bill, as written, would make bailouts less likely not more likely. But Corker is also correct that there are a lot of doubts as to exactly how much punch it really packs. This is a concern that responsible Senators should actually look at and try to address, rather than just fling around vaguely as a cover for the fact that they don’t want banks to be regulated at all. But will Corker stand his ground on this, or will he follow the lead of so many of his past colleagues and end up giving in to Rush/Fox/Tea Party pressure to simply obstruct?

And more to the point, even if Corker does defy expectations and continue to work on financial reform seriously, can he persuade any of his fellow Republicans to join him? And if he can, will the price be the watering down of legislation that’s already too weak to really have much of an impact? Stay tuned for answers to these exciting questions.

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is the first thing despots go after. An unwavering commitment to it is probably what draws you to Mother Jones' journalism. And as we're seeing in the US and the world around, authoritarians seek to poison the discourse and the way we relate to each other because they can't stand people coming together around a shared sense of the truth—it's a huge threat to them.

Which is also a pretty great way to describe Mother Jones' mission: People coming together around the truth to hold power accountable.

And right now, we need to raise about $400,000 from our online readers over the next two months to hit our annual goal and make good on that mission. Read more about the information war we find ourselves in and how people-powered, independent reporting can and must rise to the challenge—and please support our team's truth-telling journalism with a donation if you can right now.

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