Congressman Mario Diaz-Balart

Representing the 25th District of FLORIDA

Print Diaz-Balart Explains His Vote on Financial Stabilization Bill

Oct 7, 2008
Press Release

WASHINGTON, DC—Today Congressman Mario Diaz-Balart (R-FL) voted against the Emergency Economic Stabilization Act & The Tax Extenders and Alternative Minimum Tax Relief Act (H.R. 1424). He made the following statement. 

“Despite some cosmetic changes, I voted against this flawed bill because it still forces hard-working Americans to foot a nearly trillion dollar bill to bailout the reckless behavior of Wall Street, before requiring Wall Street to put capital on the table first. 

“Additionally, this bill issues a blank check to the Secretary of the Treasury with little, if any, oversight and accountability. 

“It is vital that we make sure that Wall Street has its skin in the game before we put one penny of taxpayers’ hard-earned dollars on the hook.  

“By mortgaging the financial stability of our children’s future, we are almost guaranteeing the same reckless and irresponsible behavior in the future,” said Diaz-Balart.