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Letter: McCain offers little hope for reform

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opinion New Richmond, 54017
New Richmond Wisconsin 127 South Knowles Avenue 54017

To the Editor:

In the 1980s Senator McCain interfered with the accountability of failed savings and loan institutions while thousands of people lost their personal savings.

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He said the reform legislation that followed the Enron scandal was regrettable.

He voted for deregulation legislation allowing commercial banks, investment banks and insurance companies to merge. Now the industry needs you and me to bail them out.

Senator McCain is proud of his decades long record of promoting deregulation. But now more than ever Wall Street needs more accountability and better oversight.

Considering his record, how can we believe a "President McCain" could deliver reform?

Mike Woolsey

River Falls

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