Issue Position: Wall Street Reform

Issue Position

* Cracking Down on Wall Street Abuses.
Paul Hodes supports Wall Street reform to cracks down on the big banks and corporate interests. He believes we must put an end to the abuses that derailed our economy at the expense of New Hampshire's middle-class families. Paul Hodes believes reform must include an independent watchdog to protect New Hampshire families from predatory tactics used by financial institutions. In the Senate, he will continue fighting to ensure that middle class families come first, not Wall Street executives.

* Ending Wall Street Bailouts.
Paul Hodes opposed the Wall Street bailout because it protected big banks at the expense of middle-class families. Big banks and corporate interests gambled with our economic security and taxpayers were forced to clean up the mess. He has supported efforts to hold bailed out firms accountable and bring the program to an end, applying remaining funds to our national debt. American taxpayers should not be forced to pay for Wall Street abuses that collapsed our economy.

* Fighting Against Taxpayer Funded Bonuses.
Paul Hodes is fighting to recoup billions in bonuses paid to executives at bailed out firms. At a time when middle-class families are struggling, Paul Hodes believes that Wall Street executives should not be rewarding themselves and making profits with taxpayer money.

* Stopping Credit Card Industry Abuses.
Paul Hodes supported reforms that put a stop on consumer abuses in the credit card industry. Paul Hodes believes that hard working, middle-class families don't deserve to be at the mercy of credit card companies. Credit card companies will no longer be able to apply arbitrary and unfair rate increases, slap consumers with fees for over-limit transactions, or penalize customers that make on time payments.

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