yesterday afternoon, we attempted to bring a bill to the floor that finally holds Wall Street accountable. It is a bill that includes the strongest protection for consumers that has ever been enacted. It is an end to taxpayer bailouts, and it gives tools to individuals, the resources they need to make smart financial decisions. It is a bill that ends Wall Street's ``anything goes'' rules that have meant everybody else pays. Unfortunately, the ``no'' vote from the other side yesterday told us they don't want strong new protections that can't be ignored. It appears they don't want to hold Wall Street accountable for years of irresponsibility and taxpayer-funded bailouts. Instead of fundamentally changing the financial rules of the road, the other side wants to build a speed bump and pass a bill that neither reforms Wall Street nor protects Main Street. I fear that the obstruction and unwillingness to allow us to bring a bill to the floor is simply their push to get a watered-down bill that big banks can simply step aside from and ignore. It has been rubberstamped by Wall Street lobbyists and special interests. This is just an effort to figure out how they can preserve the status quo and talk their way out of change. I fear the delay is about allowing special interests in Washington and bankers on Wall Street and big money donors to write a compromise bill.
Editor's note · Context
The speaker addresses the need for strong financial reform and accountability for Wall Street.
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