Support for LAist comes from
We Explain L.A.
Stay Connected

Share This

News

Boxer Doesn't Want Taxpayers Footing Wall Street's Bill

boxer-wall-street-reform.jpg
LAist relies on your reader support.
Your tax-deductible gift today powers our reporters and keeps us independent. We rely on you, our reader, not paywalls to stay funded because we believe important news and information should be freely accessible to all.

“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.”