Henry Paulson

September 22, 2008 - 11:29am

Smith: ‘The proposal cannot be a blank check’

U.S. Sen. Gordon SmithU.S. Sen. Gordon SmithU.S. Sen. Gordon Smith said Monday he would not support a bailout package for Wall Street without provisions in there for taxpayers and homeowners.

Following last week's turbulence in the nation's financial sector, President Bush and Treasury Secretary Henry Paulson had been calling for a swift bailout package, but Smith bucked the president and said he would not support any package that did not help American homeowners that had also been hurt in the crisis.

Read More >
Syndicate content