midnight
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Tue Nov-11-08 10:55 PM
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9. Feingold called the plan "deeply flawed." |
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Feingold called the plan that secured Senate approval by a 74-25 vote "deeply flawed."
"It fails to offset the cost of the plan, leaving taxpayers to bear the burden of serious lapses of judgment by private financial institutions, their regulators, and the enablers in Washington who paved the way for this catastrophe by removing the safeguards that had protected consumers and the economy since the great depression," said Feingold. "The bailout legislation also fails to reform the flawed regulatory structure that permitted this crisis to arise in the first place. And it doesn't do enough to address the root cause of the credit market collapse, namely the housing crisis. Taxpayers deserve a plan that puts their concerns ahead of those who got us into this mess."http://www.madison.com/tct/news/stories/307502 This man continues to be the voice of reason on so many issues.
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