This Federal Bailout Proposal is a Disaster

CHRIS HEDGES
Fleecing What's Left of the Treasury truthdig.com — The federal government, reeling backward from the meltdown of financial markets, is now considering taking responsibility for the bad assets of numerous financial companies. But if that intervention does not include robust new mechanisms of regulation, accountability and control we will see nothing more than a massive taxpayer-funded bailout of stockholders and the financial industry.

PAUL KRUGMAN
Crisis Endgame nytimes.com — The unthinkable — a government buyout of much of the private sector's bad debt — has become the inevitable. The big buyout is coming; the only question is whether it will be done right.

REP. BERNIE SANDERS
Rescue Wall Street -- and the Rest of Us thenation.com — Let us be clear. If the economy is on the edge of collapse we need to act. But rescuing the economy does not mean we have to just give away $700 billion of taxpayer money to the banks. Any proposal must protect middle income and working families from bearing the burden of this bailout.

MATTHEW ROTHSCHILD
Where's the Relief for those Facing Foreclosure? progressive.org — With the feds prepared to throw a trillion dollars of our hard-earned money to prop up Wall Street and the investor class, is it too much to ask them to do something for the people who are the real victims of this mess?

CENK UYGUR
This Federal Bailout Proposal is a Disaster huffingtonpost.com — Do you understand what they're going to do? They are about to steal ONE TRILLION dollars from us and just hand it over to the guys on Wall Street who screwed everything up. They are going to take all of their bad loans and dump it on us. We're going to have pay for their mistakes! But they already made the money. They keep the profits and we keep the debts.