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Menendez Stalls Wall Street Reform; Puts Politics First

bob menenedez theridgewoodblog.net
Menendez Stalls Wall Street Reform; Puts Politics First
“Families who have suffered the consequences of big bank recklessness must be watching from afar and wondering who would actively block us from simply beginning the work on Wall Street accountability…” Senator Robert Menendez, 4/27/2010

Middletown, August 1… When Senator Menendez asked families to wonder who would block Wall Street accountability he neglected to mention himself. Yesterday, New Jerseyans were shocked to read in the Wall Street Journalthat efforts to regulate the same monetary funds that roiled markets in 2008 were stalled by the self proclaimed “fighter for the middle class” Robert Menendez.

The WSJ reported that lobbying efforts against such regulation included the hiring of Menendez’ former Chief of Staff. The Menendez response: Let’s wait and see. But documents filed with FEC also show that those same interests have given over $22,000.00 in campaign cash to Menendez to defeat Wall Street accountability. It makes one wonder just who Senator Menendez is really fighting for and has earned him the Outrage of the Week.

“Once again Senator Bob Menendez is putting politics ahead of people “ said Kyrillos Campaign Manager Chapin Fay.

“It’s outrageous that Senator Menendez would block the very reform he’s claimed to support and doesn’t take a rocket scientist to see that after taking over $8 million in Wall Street and special interest money, Bob Menendez ain’t fighting for the middle class.”

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