NHDP Chair Ray Buckley's Statement Regarding the Passage of Wall Street Reform

Concord - New Hampshire Democratic Party Chair Ray Buckley issued the following statement praising the Wall Street reform legislation that was passed earlier today in the United State Senate. The reform had previously been passed by the House of Representatives.


"The sweeping Wall Street reform legislation passed today by Democrats in the Senate will ensure that New Hampshire taxpayers never have to fund a bailout for the big Wall Street banks again.  It strictly limits risky trading practices, imposes needed regulations on the over-the-counter derivatives market, and establishes new tougher consumer protections.


"I applaud Senator Shaheen's leadership in the passage of this important legislation, as well as the votes cast previously by Congressman Hodes and Congresswoman Shea-Porter.  Their efforts will help put a stop to the out of control practices on Wall Street that us led to the worst economic recession since the Great Depression.

"Sadly, despite support from Republican Senators like Olympia Snowe and Susan Collins in Maine, and Scott Brown in Massachusetts, Judd Gregg sided with out of touch corporate interests and refused to support this important bill. His decision to stand with the big banks on Wall Street instead of New Hampshire's working families on Main Street is a disappointment, but not surprising.  Republican candidates running for federal office across our state have also made it clear that they would rather side with Wall Street and big banks instead hard working Granite Staters.

"Thankfully in November, New Hampshire voters will have a choice between another Republican Gregg clone looking out for corporate interests and a real reformer like Paul Hodes."