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Puerto Vallarta News NetworkAmericas & Beyond | October 2008 

Rep. Dennis Kucinich Rejects $700 Billion Bailout
email this pageprint this pageemail usAmy Goodman - Democracy Now!
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Congressman Dennis Kucinich talked with Democracy Now's Amy Goodman regarding the Wall Street bailout.
 
Is this the United States Congress or the Board of Directors of Goldman Sachs?

The House is set to vote today on a $700 billion emergency bailout plan for the financial industry. The proposed legislation was forged during a marathon negotiating session over the weekend between lawmakers from both parties and Treasury Secretary Henry Paulson.

The 110-page bill would authorize Paulson to initiate what is likely to become the biggest government bailout in US history, allowing him to spend up to $700 billion to relieve faltering banks and other firms of bad assets backed by home mortgages, which are falling into foreclosure at record rates.

Click HERE for video transcript »»»



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