DINO ROSSI BECOMES FIRST SENATE CANDIDATE IN COUNTRY TO PLEDGE REPEAL OF WALL STREET REFORMS

In Interview With ABC News, Dino Rossi Says If Elected He’d Return To Wall Street’s Old Ways of Doing Business Of Excessive Risk And Greed

Rossi Shows Loyalty To Big Banks Over Washington Families

Perennial politician Dino Rossi told ABC News this afternoon that if elected he would repeal Wall Street reform.  Rossi opposed the financial regulatory reform bill, which passed two weeks ago and was signed into law by President Obama last week, and today called on the bill to be repealed.  Among other pro-consumer provisions, the Wall Street reform bill will force lenders to provide clear and accurate information to average Washingtonian looking to buy a home and get a mortgage.  No longer will lenders be able to con honest Washingtonians into signing loans with exorbitant interest rates or variable interest rates that the consumer knows nothing about.  This provision might not mean much to ethically challenged politician Dino Rossi, who has a long history of personally profiting off of shady real estate deals and seminars teaching investors how to get rich off of foreclosures, but it means a lot to Washington families who are struggling due to the housing and economic downturn.

“Dino Rossi is out of step with Washington values and not on the side of consumers in his state,” said DSCC National Press Secretary Deirdre Murphy. “Rossi shows more loyalty to big banks than to Washington taxpayers.”

The financial regulatory reform bill, which perennial politician Dino Rossi wants to repeal, 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.