Missouri's Senior Senator Expresses Concerns About the Bailout Involving Fannie Mae and Freddie Mac
Says Action May Be Necessary, But Raises Important Concerns About Future Regulation
In a statement, Bond said that any rescue plan must first protect American taxpayers and not Wall Street shareholders. He added that the treasury plan included some good steps like firing the failed leadership of the institutions but the long term cost to taxpayers is unclear. Bond said that it is unacceptable to use American's hard-earned taxpayer dollars for fat compensation packages for failed executives.