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Boxer Doesn't Want Taxpayers Footing Wall Street's Bill
“If there’s one thing all of us can agree on, it’s that taxpayers should not have to pay for the mistakes of Wall Street. This amendment will make clear that taxpayers will never again be on the hook to bail out failing financial firms," California Senator Barbara Boxer said today about her amendment to the Wall Street reform legislation. “The debacle on Wall Street spread through the economy, led to painful job losses, home foreclosures and the loss of retirement savings and consumer confidence. With this amendment, we are sending a clear message to Wall Street firms that they can no longer gamble with our financial security and expect that taxpayers will rescue them.”
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Right now, LAist has lost $1.7M in annual funding due to Congress clawing back money already approved. The support we receive from readers like you will determine how fully our newsroom can continue informing, serving, and strengthening Southern California.
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