# # #"Millions of families are facing the toughest times they've ever experienced - that is in large part a direct result of banks being allowed to take risky action with little or no concern for the potentially devastating consequences," said Menendez. "We have to make sure real accountability is in place for Wall Street so that families don't again end up paying the price for risky financial schemes. This new proposal from the White House is certainly a good start - establishing a watchdog that stands up for consumers and making sure our largest corporations are on solid financial footing will help bring stability to our economic system. I think we can provide even more accountability and protections in areas like systemic risk, so that we can head off major threats to our economy before they are realized. I look forward to working with Chairman Dodd to produce strong financial accountability in the committee."
October 27, 2020