“The bailout to come will be the...
“The bailout to come will be the largest ever in the history of the U.S. It will be far bigger than the combined cost of the assistance given, after intensive congressional scrutiny, to Chrysler, Lockheed and New York City. To make bad news even worse, the longer the Congress waits to appropriate the money, the greater the ultimate cost will be to the nation’s taxpayers.”
--Sen. William Proxmire, urging Congress to spend $20 billion in taxpayers’ money to rescue failing savings and loan associations.
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