Diary

Paulson's Bailout Plan Bad for Taxpayers

Secretary Paulson is trying to help but he is so immersed in Wall Street think that he cannot look at the situation with clear eyes. Poorly managed firms must be allowed to fail to clean out the system of toxic business entities. There are many investment houses and banks who have not made poor choices and endangered themselves. The government would be best advised to help the well managed firms weather the stormy seas and revise regulations that actually brought on the current crisis. The government that cannot even balance its own budget is trying to determine what is best for Wall Street and taxpayers. This whole mess turns accountability on its head. Please email your elected officials to tell them to say “NO” to the Paulson Plan.

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