Tuesday
Apr272010
Republicans Obstructing Much Needed Wall Street Reform, Says Senate Democrat
Tuesday, April 27, 2010 at 4:19PM
By Sofia Sanchez
University of New Mexico/Talk Radio News Service
Senator Tom Udall (D-N.M.) criticized Republicans on Tuesday for categorically blocking a financial regulatory reform bill making its way through the Senate. Udall countered what he referred to as talking points by GOP leadership, including a claim made by Minority Leader Mitch McConnell (R-Ky.), who equated the bill to a giant bailout fund for Wall Street.
“He is taking his talking points from a memo that was taken by a Republican pollster...Nothing that Mitch McConnell has said has been accurate about this. [The bill] holds Wall Street accountable, it ends tax payer bailouts and guarantees that tax payers will never again be forced to bail out these reckless Wall Street firms,” said Udall. "I, once again, don’t understand why Republicans aren’t willing to engage in a fair legislative discussion and debate."
Udall touted a provision within the bill that would create an independent agency with authority to monitor firms for abusive practices, and provide consumers with information in clear English so consumers can shop better for mortgages and credit cards.
Being a representative from a border state, Udall was asked to assess an anti-illegal immigration bill that was signed into law last week in Arizona by its Governor, Jan Brewer. However, rather than echoing the sentiments of certain Democratic leaders in the Senate, including Majority Leader Harry Reid (D-Nev.), Udall offered only a one-line response.
"Comprehensive immigration reform should be done this year and I hope they [Congress] stick to that."
University of New Mexico/Talk Radio News Service
Senator Tom Udall (D-N.M.) criticized Republicans on Tuesday for categorically blocking a financial regulatory reform bill making its way through the Senate. Udall countered what he referred to as talking points by GOP leadership, including a claim made by Minority Leader Mitch McConnell (R-Ky.), who equated the bill to a giant bailout fund for Wall Street.
“He is taking his talking points from a memo that was taken by a Republican pollster...Nothing that Mitch McConnell has said has been accurate about this. [The bill] holds Wall Street accountable, it ends tax payer bailouts and guarantees that tax payers will never again be forced to bail out these reckless Wall Street firms,” said Udall. "I, once again, don’t understand why Republicans aren’t willing to engage in a fair legislative discussion and debate."
Udall touted a provision within the bill that would create an independent agency with authority to monitor firms for abusive practices, and provide consumers with information in clear English so consumers can shop better for mortgages and credit cards.
Being a representative from a border state, Udall was asked to assess an anti-illegal immigration bill that was signed into law last week in Arizona by its Governor, Jan Brewer. However, rather than echoing the sentiments of certain Democratic leaders in the Senate, including Majority Leader Harry Reid (D-Nev.), Udall offered only a one-line response.
"Comprehensive immigration reform should be done this year and I hope they [Congress] stick to that."
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