July 15th, 2010
12:35 PM ET
12 years ago

Feingold: Financial regulatory bill 'falls short'

Sen. Russ Feingold, D-Wisconsin, issued the following statement Thursday about the financial regulatory bill currently before the Senate:

“At the outset of the debate over the financial regulatory reform bill, I made clear that my test for this bill would be whether it prevents another economic crisis. Unfortunately, this bill falls short. The reckless practices of Wall Street sent our economy reeling, triggered the worst recession since the Great Depression, and left millions of Americans to foot the bill. Despite these cataclysmic events, Washington once again caved to Wall Street on key issues and produced a bill that fails to protect the American people from the pain of another economic disaster. I will not support a bill that fails to adequately protect the people of Wisconsin from the recklessness of Wall Street.”

Filed under: Financial Reform • Russ Feingold • Senate • Wall Street
soundoff (54 Responses)
  1. obama victim

    when this passes...watch the market..it will go up...wall street loves this bill.....another failure by Obama

    July 15, 2010 02:34 pm at 2:34 pm |
  2. GOP Admits to Lying About financial reform

    GOP: You're too stupid to understand Financial Reform so we're going to lie about it!

    This is a quotation from a Republican operative that illustrates their November strategy:

    "This bill, in the minds of most Americans, is just a big amoeba," said John Feehery, a Washington-based GOP strategist. "Because this bill is so complicated, it makes it easier for Republicans to oppose it, and by opposing it, call it a job killer."

    See? It's easier to "CALL" it what they want because it is "COMPLICATED".

    Americans, on a whole, are FAR smarter than the Republican Party politicians. We've got your number now, GOP.

    July 15, 2010 02:38 pm at 2:38 pm |
  3. Bob(Illinois)

    It seems to me that Senator Feingold has been in the Senate long enough to know that passing a 'perfect bill' is impossible. I don't buy his 'reasoning'. This smells very bad.

    July 15, 2010 02:41 pm at 2:41 pm |
  4. Carl

    I don't really care about a bill "protecting us from wall street." Who the heck is going to protect Americans from our corrupt government?

    July 15, 2010 02:51 pm at 2:51 pm |
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