New statement issued by U.S. Rep. John Larson, the East Hartford Democrat whose 1st District includes Bristol:
LARSON CALLS FOR NEW LEADERSHIP ON WALL STREET
Washington, DC – Congressman John B. Larson (CT-01), Chairman of the House Democratic Caucus released the following statement today.
“We need new leadership on Wall Street, leadership of a higher caliber that can be trusted with taxpayer money. We need leadership that understands the value of a dollar to the average American. We need CEO’s that don’t spend obscene amounts of money on personal luxuries and bonuses while their actions have caused millions of Americans to lose their homes, their jobs and their health care.
“To date, few of those who got America into this economic crisis have been required to take responsibility for it. In fact, they have continued to make it absolutely clear that they are incapable of restoring the viability and integrity of our financial system. Therefore, it is time for the CEO’s of Wall Street’s crippled financial institutions to pack their bags and go.
“Because of this financial crisis, Americans are being forced to put their trust in corporate leaders more than ever before. They must trust that these CEO’s and top executives will do the right thing to restore the economy, create new jobs and begin lending again. The current leaders on Wall Street are not the people to do this.
“If Americans are going to invest billions more in public and private funds they must know that money is going to responsible actors who will restore our financial system and not to those who have failed us already.”
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