To the extent that people overpay as a result of the Libor manipulation, they should be able to get their money back. Individuals who have mortgages, pension funds who had pensioner investments - whoever was ripped off is entitled to get their money back.

Welch was reelected in 2008 with no major-party opposition becoming the first Democrat to be reelected to the House from Vermont in 158 years. Despite Welch’s Progressive positions on social issues and his low ratings from traditionally conservative interest groups Welch has adopted a conservative position on gun rights. In July 2009 Welch supported legislation to help disabled veterans.

He is a member of the Democratic Party. He previously served in the Vermont Senate where he was the Minority Leader and President pro tempore.