Jim Bunning: “I think it was a huge mistake. I voted against the bill, and now I wish to take some time to explain why. The short…”

“I think it was a huge mistake. I voted against the bill, and now I wish to take some time to explain why. The short explanation is the bill does not address the causes of the financial crisis and instead it sows the seed of the next financial crisis while adding unnecessary strains on our already struggling economy. I want to pass a strong financial reform bill that reins in the excesses of our large financial companies and the Federal Reserve. I have fought every bailout brought to the Congress as well as the bailouts that the Federal Reserve and both the Bush and Obama administration put in place without the approval of Congress. Unfortunately, like the bill passed by the Senate earlier this year, the conference report before the Senate today did not end bailouts. In fact, it does the opposite and makes them permanent. This bill will also lead to future financial disasters because it ignores the root causes of the crisis.”