Political Quotes

On the recordJune 15, 2010
Congress must decide whether to protect the interests of a few deceptive bankers who ruined the industry for others or to protect the hardworking Americans of this Nation. House Democrats have already decided. We have decided to choose Main Street over Wall Street. We have decided to choose parents who want to provide for their children and for people who are saving for retirement. We have decided, Mr. Speaker, that the American people are more important than the overzealous bankers. Maintaining the status quo is not the answer. Look at what the current situation has done to America. Eight million jobs were lost without the safeguards to protect Main Street. Millions of homes were taken in foreclosure due to subprime mortgage schemes. American people deserve and want better. A CNN poll shows 6 out of 10 Americans support Wall Street reform. Republicans have blocked efforts to protect Americans. House Republicans voted unanimously against the Wall Street Reform and Consumer Protection Act. This act would reform Wall Street, reform executive pay, end taxpayer-funded bailouts, and hold banks and financial firms accountable to the American taxpayers. Congressional Republicans are making backroom deals with the bankers. It is time for us to protect Main Street. The same Republicans who deregulated the industry, and opposed reforms, now claim the Wall Street reform bill 'allows bailouts.' This is false.
Said by
Marcia Fudge
Democratic · Ohio
Source
govinfo.gov
Jun 15, 2010

Editor's note · Context

The speaker addresses the need for Wall Street reform and the protection of American workers against deceptive banking practices.

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