Mary Jo Kilroy: “Today our President signs the Frank-Dodd Act, the Wall Street reform bill. I was very proud to be able to serve on the…”

“Today our President signs the Frank-Dodd Act, the Wall Street reform bill. I was very proud to be able to serve on the Financial Services Committee and conference to help craft a bill and to stand with the people of Main Street, to stand with the regular people of our community against the special interests that have had too much power in Washington. We were able to put in place a bill that has a real watchdog with teeth, to protect our consumers and our country, to protect American savings and pensions and investments, and be on the lookout for those unscrupulous financial practices that can hurt our economy. It has a consumer protection bureau. It has an early warning system and a plan so that any future failing institution will not be bailed out at taxpayer expense. Taxpayers will no longer be on the hook or be forced to deal with something that's called too big to fail. It puts an end to TARP. It brings transparency to the market, and because of this bill Wall Street will no longer be able to act like a casino that will do such damage to our economy again.”