My Statement on the Bail Out Vote Today

Statement

My statement on the bail out vote today

"It is no surprise that this bill did not pass, because Americans will not accept a blank check to Wall Street. This was a rushed bill that asked for $700 billion for Wall Street, but not a dime for Main Street families who are struggling financially. I have said all along that a bailout needed to include real protection of and aid for Americans, regulations for the financial market and investigations of Wall Street executives. It did not include any of these things, and Americans deserve better. It is time for Congress to go back to the drawing board and come up with a responsible plan."

"People are being asked to take a leap of faith, to simply trust that their government knows what's best. Unfortunately, over the last decade, the government has not inspired much trust from the American people. Lee Terry voted to relax regulations on the financial industry, and helped create the problems we face today. We can't trust the people who got us into this crisis to know how to get us out of it."

Source:

H.R. 10 Financial Services Act, Roll no. 276 7/1/99

Source