Release: McCain Sides With Wall Street Again, Votes Against Financial Reform

FOR IMMEDIATE RELEASE
May 21, 2010

McCain Sides With Wall Street, Votes Against Financial Reform

PHOENIX, Ariz. — U.S. Sen. John McCain once again made good on a promise not to work across the aisle this year when he voted to protect Wall Street bankers from the very reforms which are necessary to prevent future bailouts.

In voting against Wall Street reform that was produced through bipartisan efforts, McCain only carried water for the biggest contributors of his failed 2008 presidential campaign. McCain took $11 million from Wall Street firms, and today he stood with his old friends from 2008 instead of the state he wants to serve for the next six years.

During his 2008 campaign, McCain told the American people, “the fundamentals of the economy are strong,” the very same day Lehman Brothers collapsed, putting the entire global financial system at risk. While campaigning, McCain also said “The issue of economics is not something I’ve understood as well as I should.” Senator, we believe you.

“Arizonans are still hurting from the economic collapse that McCain still doesn’t seem to understand,” said U.S. Senate Candidate Rodney Glassman. “The last thing the people from Page to Yuma need are more banks going under with high-risk bets on Wall Street and taking Main Street jobs with them. Wall Street banks don’t need another U.S. Senator, but Arizona sure could use two — something our state hasn’t had in years.”

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