Press Releases

“Today, Senate Democrats stood with Wall Street by attempting to move forward with a bill that creates a permanent bailout for irresponsible financial firms, institutionalizes ‘too-big-to-fail,’ and does nothing to reform Fannie Mae and Freddie Mac, organizations that were at the heart of the financial crisis. But Republicans unanimously stood up to Harry Reid because today’s cloture vote wasn’t a vote against financial reform, it was a vote for a bipartisan bill, something President Obama has no interest in pursuing. Reid took the lead of President Obama who instructed Senate Democrats to cut off all bipartisan negotiations on financial regulation reform. So instead of working with Republicans to responsibly reform financial regulations, Harry Reid decided that it’s better to have no bill at all, creating a partisan side show instead of holding Wall Street accountable.”