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Public Statements

Ellsworth Applauds Senate for Passing Financial Reform

Statement

By:
Date:
Location: Washington, DC

Bill Will Protect Hoosier Investments

Today, after the Senate passed the financial reform bill to prevent another economic meltdown like we saw in 2008 and protect Hoosier investments, Brad Ellsworth released the following statement applauding their efforts:

"Today's vote by the Senate to pass financial reform will help close the significant loopholes in the rules governing Wall Street and the entire financial industry that led to the collapse of our banks and economy in 2008. We learned that our system was built on unsustainable leverage, irresponsible risk taking, shortsighted profit incentives, and a lack of accountability. This bill will help prevent unscrupulous Wall Street executives, lenders and borrowers from taking advantage of responsible Hoosier investors who saw their pension funds, 401Ks, college saving accounts and home values take a devastating hit due to their actions."


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