Congressman Mario Diaz-Balart

Representing the 25th District of FLORIDA

Diaz-Balart: Taxpayers Should Not Foot the Bill: Opposes Wall Street Bailout

Sep 29, 2008
Press Release

WASHINGTON, DC-Today the House of Representatives voted on the Financial Markets Stabilization Bill.  Congressman Mario Diaz-Balart (R-FL) made the following statement.

“By rewarding irresponsible behavior, we are almost guaranteeing that same behavior in the future. 

“This legislation has taxpayers footing the bill to bailout Wall Street for its reckless and irresponsible behavior.

“Wall Street should be required to pony up capital before asking the taxpayers to bail them out.  Unfortunately this bill does not do that.

“Additionally this legislation provides a blank check to the Secretary of the Treasury for almost a trillion dollars.

“Those are some of the primary reasons why I voted against this proposed legislation,” said Diaz-Balart.