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Public Statements

Wall Street Reform

Floor Speech

Location: Washington, DC

Mr. HARE. Mr. Speaker, I rise today in strong support of Wall Street reform. With 8 million jobs lost at the hands of Wall Street tycoons recklessly gambling on the financial futures of our constituents, enough is enough.

This Democratic Caucus has made great progress in pulling our economy back from the brink of disaster, yet the hard work remains. It's my hope that we, in a bipartisan manner, can see that reforming Wall Street is not a political issue. It is an issue that will shape the financial security of all Americans and prevent future economic disasters.

When we enact this bill, it will end bailouts by helping ensure that taxpayers never again are on the hook for Wall Street's risky decisions. It will protect families' retirement funds, college savings, home and business financial futures from unnecessary risks, protect consumers from predatory lending abuses, fine print and industry gimmicks. It will inject transparency and accountability into the financial system which has run amuck.

Mr. Speaker, I say to opponents of this bill, enough is enough. It's time to vote in favor of Main Street all across this great country and against the Wall Street that has run roughshod over the future of too many American families.

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