[Peace-discuss] Russ Feingold: on the bailout from one of the Democrats who got it right

[Stuart Levy]

----- Forwarded message from Progressive Patriots Fund <russ at progressivepatriotsfund.com> -----

Date: Thu, 02 Oct 2008 14:23:59 GMT
From: Progressive Patriots Fund <russ at progressivepatriotsfund.com>
Subject: Russ on the Bailout Bill
To: Stuart Levy <slevy at new.math.uiuc.edu>

Stuart,

We've heard from many of you about the bailout bill in recent
days so we wanted to make sure that everyone saw Russ's
statement made before last night's Senate vote. 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

Thanks for your continued feedback.

Sincerely,

Trevor Miller
Progressive Patriots Fund

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