Joe Baca: “We need financial regulatory reform. In 2008, our country witnessed the failure of some of the biggest and most…”

“We need financial regulatory reform. In 2008, our country witnessed the failure of some of the biggest and most interconnected companies in our economy. Years of greed and irresponsible behavior allowed financial institutions to make casino bets with the money of hardworking American families. Last year the Financial Services Committee and this Chamber passed a comprehensive set of reforms that will prevent these abuses from happening again. This reform finally put the American consumer over the bottom lines of banks. They will allow shareholders to have a say on the excessive bonuses that many executives receive regardless of performance, and they will end the problems of too big to fail. The time has come for Members of both Chambers to stop making false accusations in return for political gains. Let's work together and pass financial regulatory reform. It's time for change.”