WASHINGTON, DC – Senator Roger Wicker (R-Miss.) today issued the following statement after voting against the Financial Regulatory Reform bill:
“This legislation will do more harm than good to our economy. The bill expands the government while ignoring the root causes that led to the current market turmoil. Instead of reforming credit rating firms, Fannie Mae, and Freddie Mac, this bill will constrict credit and stifle economic growth. I also fear this legislation will send American business overseas and will not prevent another financial crisis.
“The bill that narrowly passed today is a far cry from what Americans wanted Congress to do.”
The Financial Regulatory Reform bill passed the Senate 60-39. It will now head to the president for his signature.
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