Staying on his economic message that Democrats are killing jobs, Dino Rossi said in an interview the financial bill would put people out of work.
Rossi announced earlier today he opposes the new rules for Wall Street, which Sen. Patty Murray says she’ll vote for. “When she casts her vote, she’s casting a vote to kill jobs in Washington State,” Rossi said in the interview.
Big banks can absorb some of the increased cost of doing business that will come with the bill, Rossi said, but not smaller banks that provide credit to their communities.
He said he’s not on the side of Wall Street, as Murray’s campaign accused today, but instead on the side of small bankers and business owners he has met with while campaigning around the state this week.
Another item of note: Rossi isn’t taking sides on whether Congress should prevent future bailouts by stopping banks from growing “too big to fail” in the first place.
In an article Rossi’s campaign cited today to show the bill doesn’t prevent future bank bailouts, a cap on bank size is the first example listed of Congress not going as far as possible to stop bailouts.
But asked if Congress should have capped the size of banks, Rossi demurred. He also declined to say whether the bill should have restored the wall between investment banking and traditional commercial banking, as Sen. Maria Cantwell wanted.