Wednesday, September 17, 2008

Kay Hagan Statement On Market Meltdown

North Carolina US Senate candidate, Kay Hagan, on recent events surrounding the crash on Wall Street. 
“This is what a Republican-run, special interest-based economy looks like. Oversight and accountability were shelved for padded profits and inflated investments. The Bush-Dole team ignored the warning signs as the housing bubble grew, refusing to establish even basic rules of the road for big financial players. The trickle-down theory of special interests first, working families second has clearly not paid off, and I would argue that it has actually backfired. We need people in Washington who understand that the time for allowing the special interests to ignore – and in some cases, write – the rules of the game is over."

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