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Saturday, July 17, 2010

postheadericon Wall Street reform will strengthen middle class (Rep. Steny Hoyer)

Today’s passage of Wall Street reform is another step Democrats are taking to strengthen our economy, create jobs, and give consumers more control. Nearly two years ago, our nation faced a financial crisis that was largely the result of Republican policies that allowed big banks to make risky choices. This bill will reestablish fair rules of the road which will work to rein in the excesses of Wall Street, thereby rebuilding confidence in our economy and promoting job creation. It also puts middle class Americans â€" not big banks â€" back in control, ending bailouts and increasing consumer protections.

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