Russ Feingolds statement on the Bail Out Plan

[NorthCarolina]

Russ was one of 25 senators to vote against the package.

"I will oppose the Wall Street bailout plan because though well intentioned, and certainly much improved over the administration’s original proposal, it remains 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. 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."

-Senator Russ Feingold, October 1, 2008

[Demit]

1. I heart Russ Feingold.

[slipslidingaway]

2. K&R n/t

[Captain Hilts]

3. I really respect him. I don't know yet how I stand on the bailout, but what he says...

always has great stock for me.

[bvar22]

4. K&R

Russ Feingold, Bernie Sanders, Dennis Kucinich.....
I will stand with them.

Did you see Bernie on the Senate Floor yesterday with the huge photos of the Wall St CEOs?


ANYONE expecting REAL changes in 2009 are going to be very disappointed.
We will see as much change as we saw in 2006.

[snappyturtle]

5. K&R I envy the citizens of WI to have a functioning senator with some grit! nt

[judasdisney]

6. Feingold & Kucinich, the last 2 real Democrats