Congressman Neugebauer Speaks Out about Bail-Out Plan
By: Lisa Carr
Updated: September 28, 2008
It's possible, a vote on the 700-billion dollar economic bail-out plan could happen as soon as Monday in the U.S. House. Sunday night, we hear how Lubbock's representative, Congressman Randy Neugebauer, plans to vote. He says the latest version of the plan has him very concerned, and while he's still not sure of his decision, he says he is leaning toward voting against the bill.
Neugebauer says, "These markets kinda got themselves into this jam. A lot of people made loans they shouldn't have, many people borrowed money they shouldn't have borrowed, but a lot of people knew what they were doing here and knew they were putting together these risky securities and I'm just not willing to let the American tax payers have to be on the hook for them."
He tells us he is not alone in his concerns. He says many people from District 19 have called him in D.C. to tell him they do not favor this bill and he says there are House members on both sides, who feel the same way he does. We'll keep you updated on how Neugebauer and others vote as soon as it happens.
Neugebauer says, "These markets kinda got themselves into this jam. A lot of people made loans they shouldn't have, many people borrowed money they shouldn't have borrowed, but a lot of people knew what they were doing here and knew they were putting together these risky securities and I'm just not willing to let the American tax payers have to be on the hook for them."
He tells us he is not alone in his concerns. He says many people from District 19 have called him in D.C. to tell him they do not favor this bill and he says there are House members on both sides, who feel the same way he does. We'll keep you updated on how Neugebauer and others vote as soon as it happens.
