Larsen Praises Senate Passage of Wall Street Reform Bill
For Immediate Release
Contact: Emily Halnon
(202) 225-2605
July 15, 2010
Washington, D.C. — Today, U.S. Representative Rick Larsen (WA-02), praised the Senate for passing legislation that will protect consumers by reining in Wall Street and ending the era of taxpayer bailouts of big banks. This legislation will now go to the President to be signed into law.
“I applaud the Senate for passing Wall Street Reform so we can send it to the President’s desk to be signed into law.
“Wall Street Reform will end the era of taxpayer bailouts so that if in the future a hedge fund, trading firm, or investment bank wants to drive off a cliff, the American people will no longer be trapped in the passenger seat.
“Nearly 100,000 people across Northwest Washington lost their homes or retirement savings, through no fault of their own, because bigger banks on Wall Street made a buck at their expense. Wall Street Reform will restore financial security for hardworking families and small businesses on Main Street by cracking down on bigger banks on Wall Street.
“Taxpayers will no longer be held responsible for the irresponsible actions of Wall Street.
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