Deerfield Beach, FL – 12/14/2009 - Republican Congressional candidate Allen West today called the vote Saturday in Congress to reform Wall Street practices a “political sham” and “another lame attempt to cover up failed economic policies.”

Saturday the U.S. House of Representatives voted to change the way many practices in the financial securities area are regulated.

“Congressman Ron Klein has been on the oversight committee for these industries for his entire time in Congress,” West stated.  “Klein has taken hundreds of thousands of dollars from the same companies he is supposed to regulate.”

The legislation passed over the weekend would create a permanent bailout mechanism, forcing taxpayers to pay for more failed business.  In addition, the bill called for a “credit czar”, putting more power in the hands of bureaucrats and out of the hands of consumers.

“After watching our economy melt down in the last two years, Klein now wants us to believe he’s ready to oversee these companies?  The constituents of CD-22 can no longer afford Ron Klein’s style of “oversight” as learned from his mentor, and Chairman of the House Finance Committee, Congressman Barney Frank. I say it’s time we focus on policies that will bring more jobs to our area and put more money back in the pockets of our families.”