U.S. Senator Jim Bunning today issued the following statement opposing the Democrats' perpetual bailout bill for Wall Street and the need for bipartisan financial reform legislation.
"There is broad bipartisan support for reforming the way our financial institutions do business, but the Democrat bill institutionalizes the bailout culture and "too big to fail'. It is not the answer. We've already passed a bill that puts government in charge of our health care, and now the Democrats want to run things on Wall Street. Their bill also does nothing to stop the Fed's easy money policies that helped create the bubble that led to the recent financial crisis. If we don't learn from our past mistakes, we are bound to repeat them. Republicans stand ready to work with Democrats to craft a bipartisan bill that offers common sense solutions, without providing a permanent bailout to Wall Street fat cats on the backs of the American taxpayer."