Tuesday, September 23, 2008

Quote of the Day: Bailout on Capitol Hill


NYTimes article about bailout plan reaction by congress has a great quote by Senator Dodd that encapsulates how many of us feel about this business:

WASHINGTON — Treasury Secretary Henry M. Paulson Jr. received an angry and skeptical reception on Tuesday when he appeared before the Senate Banking Committee to ask Congress to promptly give him wide authority to rescue the nation’s financial system.
...
Asserting that the plan would allow Mr. Paulson to act with “absolute impunity,” Senator Dodd said, “After reading this proposal, I can only conclude that it is not only our economy that is at risk, Mr. Secretary, but our Constitution, as well.”

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