I am still greatly concerned as to how the federal bailout of financial institutions has been carried out. It now appears there was too little planning done before Congress approved the original Bush Administration $700 billion bailout package. The changes in the original plan that have been made by Treasury Secretary Paulson may have been necessary, but nobody seems to really know why they were done. In any event, Congress must now make sure the controls that were put in place must be enforced. If necessary, new controls must be enacted by Congress and put into effect immediately and enforced. Hopefully, the bailout will be successful and our economy will rebound as a result.
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