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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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You come to LAist because you want independent reporting and trustworthy local information. Our nonprofit newsroom doesn’t answer to shareholders looking to turn a profit. Instead, we answer to you and our communities. We are free to follow facts wherever they lead and to hold power to account without fear or favor. Our only loyalty is to our readers and listeners and our mission: to inform, engage, and strengthen Southern California’s communities.
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