OFA-NH Director Tim Arsenault on the Historic Passage of Wall Street Reform

Concord – Organizing for America-New Hampshire State Director Tim Arsenault released the following statement on the U.S. Senate’s passage of Wall Street Reform today:

“With today’s historic passage of Wall Street Reform, the U.S. Senate and congressional Democrats voted to put Main Street before Wall Street and ensured that Americans will be protected from future economic disasters similar to the one that nearly saw the collapse of our economy less than two years ago.

“Thanks to the vision and courage of President Obama and congressional Democrats Wall Street will now be held accountable for their actions and there will be greater protections for American families, small businesses, community banks and shareholders.

“The passage of Wall Street reform means that another essential element of America’s economic recovery is now in place. President Obama and congressional Democrats vowed to protect the interest of the American people and with this bill they have done just that. By overcoming the opposition of the big banks and their Republican allies congressional Democrats have stood up and said unequivocally that the status quo is no longer acceptable.

“The significance of this bill cannot be understated. President Obama and congressional Democrats have not only passed the most significant and meaningful Wall Street Reform since the 1930’s but they have ushered in a new era of accountability and responsibility that will protect American families from Wall Street’s risky and irresponsible practices. While there is still more work to do to ensure our country’s recovery is sustained I am proud to join the people of New Hampshire in applauding President Obama and congressional Democrats for passing such an important and momentous bill.”