4. I'd present them with a list of dozens of questions about the program and
ramifications and ask them to come back with specific answers. I'd say that I wouldn't give a YEA vote until I understood this thing inside and out and have all safeguards in place so that this doesn't become some sort of Iraq capitalism on steroids with no bid deals that benefits a few while skimming off the many.
If pressed about how critical it is that we resolve this this week, I'd ask why they waited more than a year after knowing this was possible and ask about a much smaller stopgap measure that would get us through for a couple of weeks until the issue is fully vetting and hashed out.
Were Paulson/Bernanke asked why the Freddie/Fannie and AIG bailouts aren't sufficient enough to avert a meltdown? And if not, what was the whole point of bailing them out in the first place?
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