sent to Boxer, Feinstein and Honda:

NO BLANK CHECK!!!

Dear Senator Feinstein,

Scty. Paulson is prepared to spend -- with no oversight -- an amount that is two, or perhaps three times the amount of income tax the Federal Government receives from corporations in one year.

This is insanity.

If such an amount must be spent to save the global financial system, the program must:

a) have some checks and balances

b) include a massive restructuring of the regulatory system to prevent this from happening again

c) make sure the upside (if any!) accrues to taxpayers, not the genii who got us in this mess in the first place

-Mark

- mark 9-22-2008 5:04 am





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