Albuquerque, NM - This morning President Obama signed the Wall Street Reform and Consumer Protection Act that will make Wall Street banks accountable, end taxpayer funded "too big to fail" bailouts, and create a consumer financial protection agency that will help put Americans, and New Mexicans, back in control of their finances and their future.  

After failing to kill the bill, House Republican leader John Boehner and other Washington Republicans are already calling for the new law to be repealed.  In the largest economic crisis since the Great Depression, Americans have lost 8 million jobs and $17 trillion in retirement savings and net worth, and Washington Republicans are still putting partisan politics before the financial security of New Mexicans. 

"Wall Street reform protects consumers and stops big banks and corporations from taking advantage of the system at our expense," said DPNM Executive Director Scott Forrester.  "The Republican policy of 'too big to fail', the policy that 1st District Congressional candidate Jon Barela supports, is something that New Mexicans cannot afford."

"When Steve Pearce was a member of Congress, he looked the other way while Wall Street and big banks gambled with the welfare of the American people.  Washington Republicans and Congressman Pearce would rather protect their friends and special interests than look out for New Mexicans.  Maybe that's why he has been silent on this issue," said James Hallinan, DPNM spokesman. "But New Mexicans want to know where Congressman Steve Pearce stands?  Does he stand with Republican leader Boehner, big special interests and Washington insiders in calling for the repeal of this bill, or will he stand up for New Mexicans and help protect their financial security?"

Hallinan added, "We also continue to see how out of touch Tom Mullins is with New Mexicans by putting forward a proposal to landmine the border, making offensive remarks following a tribal ceremony and siding with credit card companies over New Mexicans who are being hurt by arbitrary rate increases and unfair terms.  New Mexicans deserve to know where Tom Mullins stands on Wall Street reform. Does Mr. Mullins stand with New Mexicans who are sick of being hurt by Wall Street's irresponsibility or does he want to protect the very same big Wall Street banks who helped cause an economic collapse?"

DPNM Chairman Javier Gonzales also released the following statement, "Republicans have made it clear - they're going to stand up for big banks and other powerful special interests no matter what the cost to middle-class Americans.  If they have the opportunity, they'll repeal all the progress enacted by President Obama and return to the failed policies of the Bush era - the same policies that led to the financial crisis in the first place. That's why this year it is so important that people here in New Mexico, and all across America, support candidates who will fight for working families and stand with the President to overcome Republican obstructionism."