Monday, September 22, 2008

Contact Your Federal Legislators

I just sent the following email message to Sen. Feingold, Sen. Kohl, and Rep. Baldwin.

I read the following in the New York Times this morning.

Even as policy makers worked on details of a $700 billion bailout of the financial industry, Wall Street began looking for ways to profit from it.

Financial firms were lobbying to have all manner of troubled investments covered, not just those related to mortgages.

At the same time, investment firms were jockeying to oversee all the assets that Treasury plans to take off the books of financial institutions, a role that could earn them hundreds of millions of dollars a year in fees.

PLEASE DON'T RUSH TO APPROVE THIS BAILOUT PLAN. Here is a case where the voice of the people needs to be heard above all else -- particularly the titans of excess privilege.

Now it's your turn.
The last thing we need is yet another train wreck.

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