OH-16: John Boccieri Responds to House Bailout Vote

Boccieri Responds to House Bailout Vote

U.S. congressional candidate John Boccieri (OH-16) responded today to the U.S. House of Representatives' vote against a proposed economic rescue plan for Wall Street:

"While a difficult vote, I believe the House’s decision today was the right one. The proposed bailout package did not do enough to address the housing crisis which, along with greed, is at the root of this meltdown. In my judgment, Washington was prepared to commit too much taxpayer money to Wall Street with too few safeguards to prevent this from happening again.

"Now it’s time for Congress to sit down and hammer out a bill that prioritizes immediate help for homeowners and reform on Wall Street. We need to act swiftly to keep people in their homes, limit excess and greed, put strong new safeguards in place on Wall Street, and find ways to provide short-term financial stability that don’t validate or bail out reckless lending behavior."