Corker urges cooler rhetoric on financial overhaul

WASHINGTON (AP) - A Republican who has helped shape controverisal legislation overhauling financial regulation says he's confident a bipartisan agreement can be found.

But Tennessee's Sen. Bob Corker tells ABC's "Good Morning America" that both parties must work together to solve problems with the bill. Senate Republican Leader Mitch McConnell of Kentucky has condemned it as perpetuating a system of bailouts for large, failing banks and investment houses.

Corker urged lawmakers to "tone down the rhetoric a little bit." He said there are "loopholes" in the Senate version that could be construed as making future bailouts more likely. But Corker also said, "My sense is, Republicans do want to see a regulatory bill of t his type come to fruition."