May 21, 2010 11:51 PM UTC

Romanoff on Financial Reform Bill: We Didn't Finish the Fight

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• by: RomanoffForColorado

There’s a big difference between bragging about reform and delivering it. While Congress congratulates itself on a job half-done, America’s families and our finances remain at risk.

This fight is not over. We need stiffer spines in Washington and stronger reform on Wall Street.

When I am in the U.S. Senate, I will fight to restore a Glass-Steagall wall between commercial and investment banking. I will fight to bring derivatives into the light of day — and close the loopholes that contributed to this calamity. And I will fight to prevent banks from ever becoming too big to fail.

Senator Bennet and a majority of his colleagues refused to take these steps. These senators are among the biggest beneficiaries of Wall Street cash. The concessions they made to their corporate contributors leave Main Street vulnerable to another collapse.

About Andrew Romanoff:

Elected to four terms in the Colorado legislature, Andrew Romanoff was Speaker of the House from 2005 to 2009. He led the Democrats to their first back-to-back majorities in more than 40 years.  His leadership earned national recognition, including Governing magazine’s top honor as Public Official of the Year.