The Paulson Plan will not help struggling homeowners pay their mortgages. The Paulson Plan will not bring a stop to the slide in home prices, but the Paulson Plan will spend $700 billion worth of taxpayers’ money to prop-up and cleanup the balance sheets of Wall Street. This massive bailout is not a solution. It is a financial socialism and it is un-American.
Senator Jim Bunning (R) Kentucky, in response to $700 billion Paulson Plan bailout during the Senate Banking Committee this morning
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