Washington, DC – Representative Anthony Weiner (D-Brooklyn and Queens), a member of the House Energy and Commerce Committee, released the following statement today:

“It is imperative that the bailout plan cover global banks which have a substantial footprint in the United States or own American mortgage-backed securities.”

“The ‘America First’ demagogues in Congress need to understand that the notion of an ‘American’ institution is a meaningless distinction in today’s global economy.  This is a challenge that impacts the American economy and the world financial system.  If we are going to fix this, we need to do it right and include firms like Deutsche Bank, Barclays, HSBC, Credit Suisse and UBS.”

“I will be organizing my colleagues this week to make sure that the Treasury sticks to its guns on this issue.  It is right for our nation and it is vital to the 45,000 employees of these firms that work in New York City.”

(YWN Desk – NYC)