Pelosi Statement on Republicans Blocking Debate on Wall Street Reform in Senate for Second Consecutive Day

WASHINGTON, April 27 /PRNewswire-USNewswire/ -- Speaker Nancy Pelosi released the following statement after Republicans voted this afternoon – for the second consecutive day – to block debate on Wall Street reform in the U.S. Senate:

"The failure of Republicans to oversee our financial system resulted in a financial crisis that cost our country 8 million jobs and produced the worst economic downturn since the Great Depression. Yet, at every opportunity, Republicans choose to protect Big Banks and Wall Street, say no to common-sense reforms, and reject sound solutions to strengthen oversight of our financial system.

"This afternoon, Senate Republicans once again sided with Wall Street over Main Street. They said no to America's consumers and they placed their bets on the side of the people who already gambled and lost with our families' college savings, homes, and retirements.

"Democrats are fighting to rein in Wall Street and Big Banks. In December, the House passed legislation, over unanimous Republican opposition, to stop reckless and excessively risky practices on Wall Street, and restore transparency, accountability, and fairness to a financial system run amok.

"As Senate Republicans seek to weaken the consumer protections and accountability at the center of our Wall Street reform legislation, Democrats will continue to fight for the strongest bill possible to protect Main Street from the excesses of Wall Street."

SOURCE Office of the Speaker of the House

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