bank bail-outs

BOXER WINS NEAR-UNANIMOUS PASSAGE IN SENATE OF AMENDMENT TO PREVENT TAXPAYERS FROM BAILING OUT WALL STREET

May 8, 2010 (Washington D.C.) – In today’s politically divisive climate, it’s rare for Senators to unite on any issue. But an amendment by Senator Barbara Boxer (D-CA) to Wall Street reform legislation to ensure that no taxpayer funds will be used to bail out financial institutions has passed by a 96-1 vote.

 
“By passing this amendment, we make it clear – in law – that taxpayers will never again bail out Wall Street firms for their costly mistakes,” Boxer said.


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