April 27, 2010

Congressman Gregory W. Meeks Statement on today’s Goldman Sachs Hearing

(WASHINGTON, DC)– Congressman Gregory W. Meeks released the following statement today in regards to today’s Goldman Sachs Hearing:

“I am disappointed by the inability of Goldman Sachs executives to clearly confirm their fiduciary obligations to their clients.  The conflicts of interest reflected in emails released by Senator Levin’s subcommittee demonstrate the urgent necessity of strong financial services reform, including consumer protection.   Getting these reforms done will allow our nation’s economy to regain solid footing, while allowing our financial institutions to remain globally competitive.  Furthermore, swift passage of regulatory reform will remove uncertainty that currently plagues the markets and allow for productive investment markets to flourish.  I call on my Republican colleagues in the Senate to stop blocking debate so we can have meaningful reform and protections in place for consumers and investors that will benefit American industry and our economy.”

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