Last night I thought it was cast in stone and SWAK, but apparently there are a few Senators that have rented a backbone and just said NO.
I don't ordinarily do this but if ever there was a time to get on the phone to your slime bag Senator, this is it.
Photo courtesy of Stop The Housing Bailout Dot Com.
Lots of good information at the site including news, & updates, contacts.
Senator Jim DeMint of South Carolina.....
After reviewing the Administration's proposed bailout plan, I believe it is completely unacceptable. This plan does nothing to address the misguided government policies that created this mess and it could make matters much worse by socializing an entire sector of the U.S. economy. This plan fails to oversee or regulate the government failures that led to this crisis. Instead it greatly increases the role for Secretary Paulson whose market predictions have been consistently wrong in the last year, and provides corporate welfare for investment firms on Wall Street that don't want to disclose their assets and sell them to private investors for market rates. Most Americans are paying their bills on time and investing responsibly and should not be forced to pay for the reckless actions of some on Wall Street, especially when no one can guarantee this will solve our current problems.
The rest is here.