Feingold Says He Won't Vote For Financial Reform Bill
MILWAUKEE - Democratic Senator Russ Feingold made things difficult for his party this week as it tried to get enough votes to pass the financial reform bill in Washington.
Feingold is the only Democrat in the Senate saying he'll vote against the bill.
"This thing doesn't do the job," said Feingold on Newsradio 620 WTMJ's "Wisconsin's Morning News."
According to Feingold, the reform package is not progressive enough.
To Feingold, the bill does not prevent big banks from being able to fail, and it does not make sure investment houses and banks will remain separate.
"This is a deal cut between Washington and New York, and I didn't want to have anything to do with that kind of a deal," said Feingold.
Feingold says he thinks this is the last chance at real reform for a while and he doesn't want to waste it.