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Public Statements

Wall Street Reform

Location: Washington, DC

Mr. LUJÁN. Madam Speaker, for too long New Mexicans have been put at financial risk by the irresponsible actions of Wall Street. Because of their risky gambles, our country lost 8 million jobs and $17 trillion in retirement savings and net worth. That's why I voted against the Wall Street bailout in 2009, and why Wall Street reform is needed.

We need to protect consumers and hold Wall Street accountable, and the current Wall Street reform package is an important step in that direction. It will rein in banks with their big bonuses, help put an end to bailouts, help put an end to too-big-to-fail, and introduce more transparency into the financial system.

We must keep working so that Wall Street is held accountable and is never again allowed to endanger the financial security of New Mexicans and people all across our great Nation.

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