Russ Feingold was against the bailout plan Friday - any news where he stands now?

September 22, 2008

“I want to get answers to the serious questions about the bailout plan before I decide whether or not to support it. I want to know how the taxpayers’ interests will be protected, what the real cost of the plan could be, if the plan will be funded or just piled on top of our already mountainous debt, if it will include protections to prevent something like this in the future, and if the executives of the companies that are rescued by taxpayers will continue to receive multimillion dollar compensation packages. I recognize that Secretary Paulson and Chairman Bernanke have a tough job, but the administration is asking Congress to provide nearly one-third of the total federal budget to the Treasury Department for this rescue plan. These and other questions need to be answered before we decide whether or not to approve it.”