Press Release

Congresswoman Castor's statement on H.R. 3997 - Emergency Economic Stabilization Act of 2008

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Washington, September 29, 2008 | Ellen Gedalius ((813)871-2817) | comments
After thoughtful consideration and review, I voted against President Bush’s $700 billion bailout. The Bush plan does not provide sufficient help to middle-class families in the housing squeeze or taxpayer protections. I assisted hundreds of Tampa Bay families at my foreclosure workshops this summer and I understand the need for direct, immediate action. The Bush plan failed to provide such action. I will work to ensure that this freewheeling deregulation that has brought our great country to this serious day does not happen again. I strongly support the House Oversight and Government Reform Committee investigations which begin this week, and will push for accountability for those responsible for the damage to our communities. Congress should go back to the drawing board as soon as possible this week to tackle the issue.
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"After thoughtful consideration and review, I voted against President Bush’s $700 billion bailout. The Bush plan does not provide sufficient help to middle-class families in the housing squeeze or taxpayer protections.

I assisted hundreds of Tampa Bay families at my foreclosure workshops this summer and I understand the need for direct, immediate action. The Bush plan failed to provide such action.

I will work to ensure that this freewheeling deregulation that has brought our great country to this serious day does not happen again. I strongly support the House Oversight and Government Reform Committee investigations which begin this week, and will push for accountability for those responsible for the damage to our communities.

Congress should go back to the drawing board as soon as possible this week to tackle the issue."
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