True Bailout Risk: Taxpayer Revolt?

Congress received a warning letter signed by 100 leading U.S. economists, who are working very hard to get their voices heard in response to the Paulson-Bernanke Bailout Plan being negotiated as I write. Letter To the Speaker of the House of Representatives and the President pro tempore of the Senate:

The letter (signed & dated 9/25/08) is the consensus of 100 leading economists:

3 Nobel Laureates & economists from major universities, colleges & institutes. [MIT, Chicago, Stanford, Harvard, Yale, Duke, Northwestern, Notre Dame, Vanderbilt, Stockholm, California (LA, SC, Berkley, Davis, Santa Barbara, San Diego), Columbia, John Hopkins, Indiana, Michigan, Ohio State, Iowa (UNI, UI, ISU), Wisconsin, Pennsylvania, Minnesota, Kansas, Washington, Maryland, New York, Texas (Austin, A&M), Louisiana Xavier, George Mason, Vassar, Hoover Institute, Chapman (Nobel Laureate), Boston College, Dartmouth, Miami, and the London Business School.