Sen. Warner: McConnell 'Doesn't Understand' Bill

The arcane debate of financial reform is getting a little personal. Democratic Sen. Mark Warner said Mitch McConnell "doesn't understand or chooses not to understand" the complexities of the reform legislation. He fired back after McConnell said the bill meant "endless taxpayer-funded bailouts for big Wall Street banks," reports Ezra Klein in his Washington Post blog.

Warner, co-author of the legislation with Republican Bob Corker, said the solution he and Corker came up with would be "so painful" that "no rational management team would ever choose resolution. It means shareholders wiped out. Management wiped out. Your firm is going away." And a parting shot: "If you haven't spent time with these issues, it's easy to pop off with sound-bite solutions that don't work." (More Mark Warner stories.)