Congressional Digest

Congressional Digest November 2008 No. 9 Vol. 87
Honorable Russell Feingold

Forestalling Economic Disaster

Congress Responds to the Credit Crunch

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Honorable Russell Feingold

United States Senator, Wisconsin, Democrat

Senator Feingold was first elected to the U.S. Senate in 1992. He served in the Wisconsin Senate from 1982 to 1992. He sits on the Judiciary Committee, the Foreign Relations Committee (where he chairs the Africa Affairs Subcommittee), and the Intelligence Committee. The following is from the October 1, 2008, Senate floor debate on H.R. 1424, the Emergency Economic Stabilization Act.I will oppose the Wall Street bailout plan. Though well intentioned, and certainly much improved over the original Treasury proposal, it is deeply flawed and in effect asks the taxpayer to bear the burden of serious lapses of judgment by…

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