WASHINGTON, D.C. – U.S. Senator Claire McCaskill made the following statement following her vote in favor of the financial rescue plan.  The bill passed the Senate with a bipartisan 74-25 vote this evening.

 

“This bill stinks but the alternative is much worse. While many Missourians may not feel it yet, with no action most of the people that live in my state will be harmed, many significantly, in a matter of months. I’m proud at least that we said no to the ridiculous proposal of the Bush administration. We now will limit executive compensation, provide strong oversight, limit taxpayer money involved, and work to restore regulation to the Wild West of Wall Street. While our government will buy troubled assets, we now have a plan that will not reward the greedy yahoos at these financial institutions and give taxpayers a realistic chance of actually making money on this deal.”