Brown Statement on Latest Banking Troubles

September 15, 2008

WASHINGTON, D.C.  – United States Senator Sherrod Brown (D-OH) today issued the following statement in response to recent economic news from Wall Street:

"The administration has danced to the drum beat of deregulation for the past eight years and now everybody is paying the price. Today’s news directly affects thousands of American jobs and the savings of countless middle class families. In the days ahead, we need to focus on containing the damage as much as possible.  In the months ahead, we need to set limits on financial markets based on realism rather than wishful thinking."

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