16-Jul-2010 8:01 AM

ATA hails passage of final Wall Street reform bill

Air Transport Association of America (ATA) hailed (15-Jul-2010) the US Senate’s final passage of the Restoring American Financial Stability Act of 2010, a comprehensive financial and commodities-reform bill. [more]

ATA:We applaud the Senate’s action, particularly Senator Blanche Lincoln’s outstanding leadership, which will close the door on Wall Street’s high-risk gambling and unchecked commodities speculation that led to sky-high fuel prices. Energy prices should be determined by supply and demand, not manipulation and secretive trading by investment banks. With President [Barack] Obama’s quick signature, Main Street America will no longer suffer at the hands of Wall Street. We also want to thank Stop Oil Speculation Now (SOS Now) coalition members, and recognise the unwavering support of its grassroots activists who, over the past two years, have sent nearly two million messages to Congress and the Commodity Futures Trading Commission.” James C May, President and CEO of ATA.

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