Wicker Responds to House Vote on Financial Stabilization Bill

September 29, 2008

WASHINGTON – U.S. Senator Roger Wicker, R-Miss., today issued the following statement in response to the House of Representative’s failed vote on the financial stabilization bill:

“The compromise proposal was an improvement over the original Paulson plan. But the American people are still very much opposed to anything that looks like a bailout for Wall Street, and I think that was reflected in today’s vote. In addition, hundreds of leading economists were urging a ‘no’ vote because the bill represented a tourniquet rather than getting to the root of the problem. As we move forward, I hope we can build consensus around a more free-market approach that ensures Wall Street’s problems don’t spill over onto Main Street.”