Senator Warner spoke on the Senate floor today to correct misleading characterizations over the past several days about proposed Wall Street reforms.

The Virginian-Pilot of Norfolk takes a look at Senator Warner's leadership role in the new banking regulatory reform bill and his work in embracing the ethic that no company is too big to fail and keeping tax dollars away from firms drowning in debt.

Senator Warner and Tennessee Republican Senator Bob Corker have made several appearances together in recent days to discuss their bipartisan partnership on Wall Street reform. As colleagues on the Banking Committee, Senators Warner and Corker have worked-out a bipartisan proposal to address the notion of "too big to fail" and end taxpayer-financed bailouts of Wall Street firms.

Senator Mark Warner joined Senator Bob Corker on CNBC's "Squawk Box" to discuss their bipartisan efforts on the financial regulatory reform legislation in the Senate Banking Committee.

During the confirmation hearing for Assistant Treasury Secretary Herbert M. Allison, who has been nominated to serve as the TARP Administrator with the Department of Treasury, Senator Warner continued to urge the administration to provide more transparency and accountability of taxpayer funds used to bailout struggling banks.