Matheson Turns a Blind Eye to Worst Offenders

Statement

The Morgan Philpot for Congress Campaign has released an official statement urging the Senate to reject the Wall Street Reform and Consumer Protection Act. Philpot points to absence of real reform of Freddie Mac and Fannie Mae as Congress setting the stage for another financial disaster.

"How can you ignore Fannie Mae and Freddie Mac and make any claim that Utahns or Americans are better off because of this bill," said Morgan Philpot, Republican candidate for Utah's 2nd District. "Once again the Democrat led congress, with the help of our current congressman, let special interests get in the way of meaningful reform."

"Fannie Mae or Freddie Mac were at the center of the financial meltdown and have received the most government money. But this bill does nothing to hold these two institutions accountable for their reckless behavior. At the end of the day, any reform bill that does not address these two institutions just sets the table for another financial meltdown," said Philpot.

Source