Heinrich Demands Accountability from Irresponsible Lenders and Negligent Regulators

Press Release

Martin Heinrich, candidate for Congress in Central New Mexico (CD-1), released the following statement in response to the announcement of an historic $700 billion bailout of the nation's financial institutions:

"Middle-class New Mexicans have been pushed to the breaking point by eight years of failed economic policies of the Bush Administration and this bailout unloads yet another burden onto the backs of hard-working New Mexicans. Darren White agreed with George W. Bush's economic policies and supports more of the same for our nation's economy.

"It's time for a change. It's time for economic policies that help middle-class New Mexico families and protect New Mexico taxpayers. It is outrageous that American taxpayers will bear the burden of an estimated $700 billion required to bail out greedy Wall Street executives and reckless mortgage lenders. The nation's financial crisis exposes the ineptitude and outright negligence of the Washington regulators George W. Bush charged with overseeing the financial industry.

Background:

In 2004, White argued that the economy in New Mexico, as well as the United States as a whole, was getting stronger due to President Bush's policies.

* Darren White supported George W. Bush's failed economic policies. "[F]amilies in New Mexico are making progress. America's economy is strong and getting stronger. The president believes Americans finding work is good for New Mexico." [Las Cruces Sun-News, 6/20/04]

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