Kucinich Opposes Bailout and asks, "Is this the United States Congress or the board of directors of Goldman Sachs?"

WASHINGTON, D.C. (September 28, 2008) -- Congressman Dennis Kucinich (D-OH) today made the following speech on the floor of the House of Representatives regarding the proposed Wall Street bailout:





"The $700 billion bailout for Wall Street, is driven by fear not fact. This is too much money in too a short a time going to too few people while too many questions remain unanswered.



Why aren't we having hearings on the plan we have just received? Why aren't we questioning the underlying premise of the need for a bailout with taxpayers' money? Why have we not considered any alternatives other than to give $700 billion to Wall Street? Why aren't we asking Wall Street to clean up its own mess? Why aren't we passing new laws to stop the speculation, which triggered this? Why aren't we putting up new regulatory structures to protect investors? How do we even value the $700 billion in toxic assets?



