As President Obama signs historic Wall Street reform into law today, the Democratic Senatorial Campaign Committee is asking extremist Rand Paul to finally tell Kentucky voters if he will campaign on a pledge to repeal these reforms. The financial regulatory reform bill will hold banks and financial firms accountable, strengthen consumer protections, and end taxpayer-funded Wall Street bailouts. The bill, which was opposed by special interest groups looking out for Wall Street, will result in commonsense measures that will protect taxpayers and consumers against unfair financial practices. Despite all this, Rand Paul opposed the bill, but has yet to say if he will work to repeal it.
“From day one, extremist Rand Paul obstinately opposed holding the big banks accountable, strengthening consumer protections and ending taxpayer-funded Wall Street bailouts,” said DSCC National Press Secretary Deirdre Murphy. “After standing up for the special interests instead of Kentuckians, voters have a right to know if Rand Paul will campaign on a pledge to repeal this critical legislation.”
Today, President Barack Obama signed the Frank-Dodd financial regulatory reform bill that will hold banks accountable and protect consumers. The bill will end taxpayer bailouts by forcing banks to clean up their own messes from now on. The bill will also stop banks from taking secret, excessive risk with consumers’ money and force big banks and credit card companies to offer clear, fair terms to consumers. This legislation will put an end to the reckless and irresponsible behavior that led to the economic collapse in the first place, while ensuring that the financial system works for all Americans. A recent Washington Post-ABC News poll shows voters back financial reform by a 65% to 31% margin.
Cartoon: The legacy of two presidents
1 hour ago
