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Titus: Big Wall Street Bonuses
Highlight Need for Financial Reform
January 13, 2010 – Washington, D.C. – Congresswoman Dina Titus released the following statement today on news reports that Wall Street banks are expected to again give out large bonuses this year.
“The latest reports that Wall Street banks plan to hand out large bonuses once again shows that they have learned nothing in the past year. After receiving taxpayer funded bailouts, the last thing Wall Street bankers should receive is lavish bonuses while hard-working Americans continue to struggle to get by.
“I continue to hear stories from small business owners in my district that are struggling to get a loan or the credit they need from banks that are refusing to lend. And too often, families that are fighting to avoid foreclosure have complained about banks that lose their paperwork, fail to return phone calls, and ignore their good-faith efforts to keep up with their mortgage payments.
“It’s time to hold Wall Street banks accountable for their actions that brought our financial system to the brink of disaster. The House acted last year on important legislation to reign in Wall Street banks and increase oversight so that government regulators cannot fall asleep at the wheel. I urge the Senate to act quickly in the new year on financial reform, because with Wall Street banks set to pay out large bonuses again, it is clear they have not learned the lessons of the worst economic recession in a generation.”
Titus Cosponsors Legislation to Block Congressional
Pay Raise on First Day Back in Session
January 12, 2009 – Washington, D.C. – Congresswoman Dina Titus of Nevada’s Third District released the following statement today after cosponsoring H.R. 4255, the Stop the Automatic Pay Raise for Members of Congress in FY2011 Act, on the first day of the new Congressional session. Titus cosponsored similar legislation in 2009 that was passed into law.
“Last year, as my constituents struggled through the worst economic recession in a generation, I successfully joined with my colleagues to prevent a pay raise for members of Congress. While the recession has technically ended, too many of my constituents continue to face hardships, from making a mortgage payment to putting food on the table. Once again, this Congress must make a statement that we are here to work for the American people, not ourselves. We must reject a pay raise for Members of Congress and get to work creating jobs and putting Nevadans back to work.”
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