Titus Statement on Wall Street Bailout

Statement

Titus Statement on Wall Street Bailout

Third Congressional District Candidate Dina Titus released the following statement on the bill to bail out Wall Street.

"For eight years, George Bush turned a blind eye to the unregulated mortgage market. For six years, Jon Porter marched in lockstep, accepting more than $1.6 million from the financial, insurance, and real estate sector. Their failure to provide proper oversight and regulation has left us with no good options.

"While the bill in Congress was significantly improved from what the Administration proposed, it still lacks critical provisions to provide needed regulation of the mortgage market or help for families facing foreclosure. If Washington is going to bail out Wall Street, there has to be some relief for families who played by the rules yet are faced with losing their home.

"The consequences of inaction are great. I urge Republicans and Democrats to continue to work together to pass a bill that protects taxpayers, provides regulation to ensure a similar crisis does not occur again, ensures CEOs who ran their companies into the ground do not walk away with millions, and provides real help for homeowners."

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