Bush to Hold Meeting on Bailout; First Debate Up in Air: Plea for Support

http://www.nytimes.com/2008/09/26/business/26bush.html?_r=1&scp=1&sq=Bush%20to%20Hold%20Meeting%20on%20Bailout&st=cse&oref=slogin

---------- Forwarded message ----------
From: barry levine <levinebar@gmail.com>
Date: Thu, Sep 25, 2008 at 9:00 AM
Subject: Bush to Hold Meeting on Bailoutg; First Debate Up in Air: Plea for Support
To: letters@nytimes.com

To the Editor:

  If taxpayers' money is to be risked in a bailout of investment banks, we must have reason to believe that the structural problems will be fixed and that we will never again face this same crisis. President Bush has now acknowledged that regulation of the investment banks is necessary. That much is good. His proposal that regulation can wait until after the bailout is an insult to our collective intelligence. Any bailoutmust be contingent upon the regulations.

Barry Levine

1142 Brown Ave

Lafayette, CA 94549