WASHINGTON, D.C. – Montana’s Congressman, Denny Rehberg, today issued the following statement regarding proposals to shore financial markets:

The problems currently facing America’s financial markets are serious and could imperil the bank accounts, pensions, life insurance policies and livelihoods of folks all across the country.  There’s no easy solution, and while addressing the problem will be costly, the cost of doing nothing may be even greater. 

Currently, Congress and the Administration are working together on a proposal to address the financial markets and stabilize our economy.  Like anything else the devil is in the details.  It’s important the legislation adhere to certain common-sense guidelines.  Any federal action must put the welfare of families, small businesses and Main Street America ahead of the financial gain of the suits on Wall Street.  Additionally, there must be strong Congressional oversight to ensure any new federal entity created as a result of this problem acts in the best interest of American taxpayers.  It’s also important the legislation be able to stand on its own merits, and is free of political favors and special interest add-ons that impede the stabilization of our financial markets. 

Congress must set aside partisanship and work together, and I’m hopeful that’s what will happen.