Maureen Reed for Congress

Bachmann Votes against Wall Street Reform and Protecting Consumers While taking over $400,000 from the Financial Industry

Over the weekend, the House passed the Wall Street Reform and Consumer Protection Act of 2009. This legislation aims to significantly reform the financial industry including: creating an independent agency solely devoted to protecting consumers from abusive financial products, giving shareholders a say on executive pay and golden parachutes, and begins to establish a process for failing financial institutions that would end bailouts, protect taxpayers, and prevent the financial failure of one institution from spreading throughout the rest of industry. Bachmann voted against the legislation.

Statement by Jason Isaacson, Reed for Congress Campaign Manager:

"It is not surprising that once again Bachmann has turned her back on the residents of Minnesota's 6th congressional district. During her career, she's received over $400,000 from financial interests, making this vote a prime example of how Bachmann neglects her constituents in favor of the special interests who have lined her campaign coffers for years.

Bachmann claims that she is a defender of freedom, but the freedom she seems to be talking about is the freedom of credit card companies or other financial services companies to pick the pockets of average Minnesotans through questionable financial transactions without any accountability. I would challenge Bachmann to justify, in times of record unemployment and economic turmoil, why she would disregard the needs of her constituents for millionaires on Wall Street.

If Maureen were in Congress, she would have pressed for stronger action in the Wall Street financial reform- ensuring that the overhaul more effectively addresses financial institutions that are "too big to fail."

Background:

Open Secret's Bachmann Career Top Industries
http://www.opensecrets.org/politicians/industries.php?cycle=Career&cid=N...