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2008 Financial Crisis
October 2, 2008
Southwest California Legislative Council Releases
Statement on the Financial Crisis
Greg Morrison, Chair of the Southwest California
Legislative Council releases the following statement on
the financial crisis facing our nation.
The Southwest California Legislative Council, the
business advocacy coalition of the Temecula Valley, Lake
Elsinore Valley and Murrieta Chambers of Commerce, urges
Congress to immediately pass a responsible bipartisan
financial rescue package that aims to stem the current
the financial panic and protect taxpayers.
We believe Congress needs to take action to stabilize
the financial markets. Failure earlier in the week to
approve legislation addressing the financial crisis
leaves uncertainty that may have dramatic affects on the
markets and lowered equity prices, eroding individual
savings and destroying billions of dollars of household
wealth.
Congress needs to support a plan to successfully restore
confidence in the American financial system , and
preserve the flow of credit to the economy for
stability, and include bipartisan program/plan oversight
of not only the Southwest California region, but the
rest of the nation.
The Southwest California Legislative Council urges
Congress to immediately pass responsible financial
rescue legislation, while protecting the American
taxpayer. |
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