GOP House Leader Already Calling To Repeal Wall Street Reform

Thu Jul 15 2010 17:32:00 GMT-0400 (EDT)  |  by Arjun Jaikumar

With the landmark financial regulatory reform bill having just passed the Senate, one of the nation’s most powerful Republicans is already seeking to repeal it.

Wall Street reform legislation provides strong consumer financial protections; brings the risky trading of derivatives, which helped trigger the crisis, into the light of day; provides the authority to wind down firms whose collapse would threaten the entire financial system; and ends taxpayer-funded bailouts.  

Yet the man who hopes to be the next Speaker of the House, Republican John Boehner, already wants to get rid of it:

"I think it ought to be repealed," said House Minority Leader John Boehner, in response to a question from TPMDC, at his weekly press conference this morning.

Evidently for John Boehner, shilling for the big banks takes precedence over protecting consumers and preventing financial crises.

So the question is, will Republican Senate candidates stand with Boehner in his call for repealing financial regulatory reform?

Comments

  • The Voters Want Change in Employee Relations, Customer Relations Sat Jul 17 2010 14:43:58 GMT-0400 (EDT)  |  by ddandaniel123@yahoo.com

    This is a huge issue for voters. They want a change in the way employees are treated by managers, owners and improved customer relations. This along with the energy issue is why the
    Dems are in the majority.

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  • The Voters Want Change in Employee Relations, Customer Relations Mon Jul 26 2010 13:33:47 GMT-0400 (EDT)  |  by Frankly
    The biggest issue is the economy and the lack of the Obama administration and democratic dominated congress to do anything about it. This is the reason the Dems are in the minority and are going to lose big time in November! The Dems have been too busy ramming their liberal agenda down our necks. Pay back time...

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